The No Tax on Restored Benefits Act would offer a gross income tax exclusion for retroactive Social Security benefits.
There are millions of older Americans today who probably would not be able to survive financially without Social Security.
If nothing happens, Social Security benefits will face significant cuts. Here's how much you could lose if this comes to pass ...
Scammers often pose as IRS officials and may file fraudulent tax returns before the real taxpayers file. Here's what to know to avoid fraud.
For decades, retirees chose where to live based on weather, family proximity, and lifestyle preferences. Taxes mattered, but ...
How do I check my tax return status? How long will it take for tax return to arrive? Here's your complete guide for the 2026 tax season.
An HSA gives you all three, making it a powerful savings tool you can use to cover near-term healthcare expenses or expenses ...
The annual inflation rate for 2025 was 2.7%, according to the U.S. Inflation Calculator. This isn’t much changed from the year before — down just 0.2%. But even a slight fluctuation can have some ...
Fraudsters are using artificial intelligence to impersonate the IRS, tax software companies, and even tax preparers through realistic texts, emails, calls, ...
Business Intelligence | From W.D. Strategies on MSN

The 1040-SR secret: The senior tax form the IRS doesn't exactly advertise

You know, here's the thing. Most Americans spend decades filing their tax returns without ever hearing about a special form designed just for them once they hit retirement age. It's not like the IRS ...
A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...
If you use your RMDs to pay everyday living expenses, you probably don't see them as a burden. However, if you don't "need" ...