If you receive Social Security benefits, keep in mind that you likely need to pay taxes on that money. Like many parts of the tax code, it can be complicated to figure out whether – and how much – you ...
Two laws enacted in 2025, President Donald Trump's "big beautiful bill" and the Social Security Fairness Act, may change beneficiaries' federal tax liability on their benefits. Here's how those ...
Some states don't have any income tax, meaning retirement income is also exempt. Seven states offer exemptions for various forms of retirement income. Forty-one states, plus Washington, D.C., don't ...
States have been progressively getting rid of their Social Security tax. Federal tax rules apply regardless of your state's rules. The amount of your benefits subject to federal taxes depends on your ...