Wondering whether you'll need to pay taxes on your Social Security benefits is a very common concern for many seniors and ...

Trenton — Gov. Gretchen Whitmer and a bipartisan group of lawmakers crowded into a Downriver diner Wednesday morning to celebrate a new law that next year will exempt tips, certain overtime pay and ...

We're now less than a decade from a 24% benefit cut, according to the Committee for a Responsible Federal Budget. There's still time for the government to step in and reform the program to avoid this, ...

Social Security benefits vary dramatically based on when you start collecting. Average monthly payments range from $1,298 at age 62 to over $2,021 for those who wait until 70-74. Top Navy official ...

The federal government is moving one step closer to getting out of the business of handing out paper checks, effective Sept. 30. On March 25, President Donald Trump signed an executive order to put a ...

Two major pillars of the federal government — the Social Security Administration and the Internal Revenue Service — will soon stop issuing paper checks to the country’s 75 million Social Security ...

LANSING — Michigan's personal income tax returns would mirror federal tax cuts for tips, overtime pay and Social Security, under the budget deal announced Sept. 25 by Gov. Gretchen Whitmer and ...

In an effort to address the issue of double taxation on Social Security benefits, U.S. Sen. Ruben Gallego introduced the You Earn It, You Keep It Act. The act aims to eliminate federal income tax on ...

Many retirees feel they're being "taxed twice" on benefits they already earned. And now, U.S. Sen. Ruben Gallego (D-AZ) has introduced a measure to finally end the tax on Social Security for the more ...

Social Security recipients will see several changes in 2026, including a cost-of-living adjustment and the elimination of paper checks. The full retirement age will increase in 2026, affecting those ...

Issuing a paper check costs about 50 cents, according to the Treasury Department. The cost drops down to less than 15 cents per electronic transfer. Tax law experts note that those who could struggle ...

Social Security faces insolvency by 2032, forcing policymakers to weigh politically fraught options. Commissioner Frank Bisignano said “everything’s being considered,” as America’s retiree population ...