In 2024, the Social Security wage cap is $168,600. In 2025, that cap is rising to $176,100. This means that higher earners ...

T here is a tax break for just about everyone on the list of cuts that President-elect Donald Trump promised during his ...

If you're one of the millions of older Americans who are collecting Social Security, then it's important to pay attention to ...

Self-employed people must shoulder the full 12.4% tax, though they get to claim a deduction on their income tax return for ...

A 2.5% cost-of-living adjustment increase will mean an extra $50 a month for most Social Security and SSI recipients.

Every Wednesday, the SSA issues a new round of payments to Social Security beneficiaries. However, some will receive their ...

Furthermore, 43% of retirees believe their benefits will be cut in the future, while 47% of nonretired adults worry that ...

President-Elect Trump promised to make Social Security retirement benefits nontaxable. This could leave a gaping hole in ...

Most Americans have jobs that withhold payroll taxes (aka FICA taxes) that contribute to the Social Security system, and when ...

Most states do not tax Social Security benefits. In those that do, there are typically rules to protect low-income seniors.

Social Security gets the bulk of its revenue from payroll taxes. When you see a deduction on your pay stub for FICA, that's the sum you're paying to help fund Social Security, as well as Medicare.