A new tax break could boost seniors’ standard deduction by $4,000, but income limits and a 2028 expiration raise concerns about its long-term impact.

Expiration of the rule in 2026 Come 2026, the landscape changes. The expiration of the Special Earnings Rule means deductions from your Social Security benefits will rely solely on the annual ...

For individual tax-filers, taxes on Social Security apply to a combined income of $25,000 or more. For married couples filing jointly, that limit rises to $32,000, which isn't a huge lift from the ...

50% of your annual Social Security benefit Your adjusted gross income Your tax-exempt interest income, such as what you might earn from holding municipal bonds Meanwhile, the average retired ...

Combined income is calculated based on adjusted gross income, tax-exempt interest income you collect, and 50% of annual Social Security income. But as you can see, these thresholds are very low.

That puts your combined income at $36,000. Meanwhile, if you're single, a combined income between $25,000 and $34,000 means you may have to pay taxes on up to 50% of your Social Security benefits.

One of the eligibility requirements stipulates that Americans cannot earn more than $1,971 in income per month to qualify for the payments. However, that rule is changing slightly.

The Social Security Administration says it will stall a proposed big change in rules for verifying identies of recipients until mid-April. The change, which was to have taken effect Monday, March ...

For individual tax-filers, taxes on Social Security apply to a combined income of $25,000 or more. For married couples filing jointly, that limit rises to $32,000, which isn't a huge lift from the ...

Combined income is calculated based on adjusted gross income, tax-exempt interest income you collect, and 50% of annual Social Security income. But as you can see, these thresholds are very low.