Showing posts with label Taxing Seniors. Show all posts
Showing posts with label Taxing Seniors. Show all posts

Sunday, March 2, 2025

President Trump's Potential Changes for Social Security So Far: 3 Things You Should Know

Title: President Trump's Potential Changes for Social Security So Far: 3 Things You Should Know

Article Snip: "As recently as Feb. 18, Trump promised not to cut benefits. ...subject to income taxes on Social Security. The rule is based on combined income, which the Internal Revenue Service defines as half of a retiree's Social Security benefits plus other income from sources such as pensions, wages, dividends, and capital gains.

Single filers can see as much as half of their Social Security benefits taxed if they make between $25,000 and...
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Reference: finance.yahoo.com