Social Security taxes
Additional Income Tax Deduction for Seniors is part of Trump’s big bill
President Trump’s “Big Beautiful Bill” has passed the House and is headed for the Senate. This means Trump’s tax cuts from 2017 will remain in place. Also, the bill includes an additional $4,000.00 tax deduction for America’s Seniors. House Ways…
Social Security Benefits and Taxes
On this tax day let’s read about how to figure income tax on your Social Security benefits. When making financial decisions it is important to consider the amount of taxes you will need to pay on your Social Security Benefits.…
Removing Social Security from Taxable Income could Affect Insolvency Date
The Social Security Trust Fund is due to run dry in the mid-2030s. This situation has already been exacerbated by the passage of the Fairness Act in January 2025, which moved the insolvency date up six months. President Trump would…