A new proposal by Senator Rubén Gallego aims to eliminate federal income taxes on Social Security benefits, potentially ...

Despite presidential proclamations, Social Security’s financial outlook is more troubled than ever. A new report from the Committee for a Responsible Federal Budget (CRFB) warns that as Social ...

A new bill in Congress could permanently eliminate federal taxes on Social Security benefits — a change that would impact ...

Social Security undergoes the same changes each year, but Americans consistently score poorly when quizzed on the retirement ...

In addition to nixing federal taxes on benefits, the proposal would raise the Social Security payroll tax cap to include annual earnings over $250,000.

Only wages up to the wage base limit are subject to Social Security payroll taxes. The wage base limit will increase from $168,600 in 2024 to $176,100 in 2025. There are few social programs more ...

The transit payroll tax is a specific 0.1% employee tax for the Statewide Transportation Improvement Fund, which is ...

Facing a $1 billion deficit, Mayor Brandon Johnson has said he would consider a ‘head tax’ or a payroll expense tax, both of which the city’s business community opposes.