The megabill the House of Representatives passed on Thursday includes a bunch of provisions that will affect retirees’ ...

Many Americans depend on Social Security benefits for retirement income, but these benefits can be subject to federal taxes.

Seniors are unlikely to get a break on paying taxes on their Social Security benefits, an issue that impacts more people each ...

But there were supposed to be 13 of these states? There are. Although the following four states do collect income tax on ...

The Social Security and Medicare Fair Share Act proposes targeting payroll tax loopholes for high-income earners.

House Republicans have included a proposal in their tax bill to provide a $4,000 deduction for individuals ages 65 and up.

For some, the answer is obvious. For others, not so much. If you want to get the most out of the program, take these steps before you sign up.

Kameleon007 / Getty Images As a taxpayer, total income determines your highest tax bracket. Social Security benefits are included in that total income, as reported on Form 1040. Your taxable ...

Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills ...

IRS Form 941, also known as the Employer’s Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security taxes, and Medicare taxes withheld from ...

This form includes information such as your marital ... you will pay $4,590 as a FICA contribution (60,000 x 0.0765). This accounts for Social Security tax (6.2%) and Medicare (1.45%).

The Social Security Administration also sends a 1099 ... so you'll need to be careful when you put the numbers in your return. Some tax forms have worksheets to reconcile differences.