The Social Security Fairness Act, which eliminated WEP and GPO, led to unexpected tax bills for retirees. A new bill is ...
A new bipartisan bill would exempt retroactive Social Security payments from federal taxes, easing a surprise financial ...
The Social Security Fairness Act gave millions higher benefits, but retroactive payments triggered unexpected tax bills. A ...
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.
Some retirees face a big tax bill if lawmakers don't act.
Retirees could earn more retroactive lump sum payments for the time they missed out on the benefits.
A bipartisan “fix” to Social Security benefits for public-sector retirees could lead to a big tax hit for those Americans. Lawmakers are racing the clock before taxes come due on April 15.
The United States observed the 90th anniversary of the Social Security Act in August. This monumental piece of legislation has provided a supplemental income to retirees in America for decades.
Americans could receive larger Social Security lump-sum payments after senators pressed officials to revise how a new ...
Social Security faces a financial crossroads that’s closer than many Americans realize. The retirement program won’t actually “run out of money” since current workers will always pay into the system.
Public sector workers getting restored benefits under last year's Social Security Fairness Act would be spared a tax bill on those benefits under new legislation.
Married, divorced and widowed workers with pensions from jobs not covered by Social Security have traditionally missed out on spousal benefits, including former-spouse and surviving spousal benefits — ...