New year, new tax filing. Filing taxes may not be the easiest task, especially with its time-consuming forms and applications. Whether you file with help from a professional or on your own, ...

If you receive Social Security benefits, keep in mind that you likely need to pay taxes on that money. Like many parts of the ...

When it comes to Social Security benefits, most of us don't think about taxes. But the harsh reality is the Social Security Administration (SSA) estimates that about 56% of beneficiaries will need to ...

Older Americans are about to get a targeted new tax break that makes it easier to shield Social Security benefits from federal income tax. A fresh "senior bonus" deduction of up to $6,000 per person ...

Editor’s note: This story is part of an ongoing series about proposed changes in the state income tax formula. When Gov. J.B. Pritzker unveiled his plan for a graduated income tax, he said just 3% of ...