The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

President Donald Trump has touted "no tax on Social Security" with the addition of a new senior deduction. Some states still apply levies to benefit income.

You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

Most states don’t tax Social Security, but rules vary in the 8 that do. Get up-to-date exemptions, thresholds and new ...

New tax rules for seniors bring bigger deductions, potential refunds & planning opportunities, with impacts on retirement ...

At age 65, the average Social Security payment is $1,583 per month, with men receiving more ($1,756) and women less ($1,426). The average 401(k) balance for people aged 65 to 69 is $252,800—providing ...

If you are among the more than 70 million Americans who will receive Social Security benefits in 2026, there are several changes to the program that will impact your payments. Among the key ...

The Social Security Administration can deduct benefits from your monthly payment for a variety of reasons, and the amounts could change in 2026. The new tax law doesn't eliminate taxes on Social ...

Social Security is a vital source of income for many retired Americans. But, not every recipient relies heavily on benefits. Here's what you need to know.