Social Security gets the bulk of its funding from payroll taxes. And while that revenue stream is set to continue, in the coming years, it will shrivel as baby boomers exit the labor force in droves.

As 2025 approaches, significant changes to Social Security are on the horizon, impacting both retirees and workers.

March’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in 21 days.

A bill brought to the House of Representatives by Republican lawmakers would amend the tax code to remove taxes on Social ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Listen to a short summary Read by Dana G. Your browser does not support the audio element.Taxes are due on Tuesday, April 15, ...

Thankfully, Social Security benefits are raised automatically nearly every year to help them compensate for inflation. Without those cost-of-living adjustments (COLAs), recipients would practically be ...

If you are starting a business, it is essential that you familiarize yourself with all of the necessary tax forms you will ...

That cap is increasing to the first $176,100 of your income in tax year 2025. More help: Take the Social Security retirement earnings test When you contribute to Social Security, the money doesn't ...

Living on Social Security? With President-elect Donald ... While Trump also has plans to decrease or eliminate income taxes and other expenses, it’s a good idea to start cutting expenses now ...

Living on Social ... cutting expenses now to be sure your fixed income stretches far enough. Financial expert Thomas J. Brock from Annuity.org said it’s time to take a hard look at your spending — ...