Social Security recipients saw higher 2026 taxes after benefit boosts from the Social Security Fairness Act. Most increases ...
Form 1099-MISC is for miscellaneous income. But Form 1099-NEC is for payments to independent contractors and adds ...
With recent changes in tax law, beneficiaries are urged to pay close attention to these documents, which could influence their tax returns. Understanding the importance of these forms, how they relate ...
The Social Security Fairness Act provided more than 2.8 million beneficiaries with higher payments. Here's what to know about reporting that income to the IRS.
Here's which states are taxing Social Security, and how they might do it.
The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.
Some states don't have any income tax, meaning retirement income is also exempt. Seven states offer exemptions for various forms of retirement income. Forty-one states, plus Washington, D.C., don't ...