The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.

Do You Need to Pay Taxes on Social Security? Maybe. Here's How to Figure It Out ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

Social Security is tax-free in most states, but not all. See the 8 states that tax benefits in 2026 and what retirees should ...

Add Yahoo as a preferred source to see more of our stories on Google. Is Social Security taxable? Yes, the federal government will take a cut of Social Security, which can include monthly retirement, ...

If you receive Social Security benefits, keep in mind that you likely need to pay taxes on that money. Like many parts of the tax code, it can be complicated to figure out whether – and how much – you ...

WASHINGTON, DC - MARCH 28: Senate Majority Leader Harry Reid (D-NV) (C) speaks during a rally in support of Social Security with Sen. Tom Harkin (D-IA) (L) and Sen. Bernie Sanders (I-VT) in the ...