Key Points Social Security relies on payroll tax revenue to stay afloat. Some say that eliminating the wage cap will solve ...

Social Security's trust funds are expected to be depleted in less than a decade. That could lead to benefit cuts of more than 22%.

Your retirement tax problem could get bigger and bigger unless you take action, warn Utah financial advisors Ryan Thacker and ...

President Donald Trump has asserted his belief that seniors shouldn't pay Social Security benefit taxes, and there are plenty ...

Payroll taxes aren't the only revenue stream for Social Security. The program also gets money by taxing benefits.

Whether they aim to retire early or plan to work to 70, most (163 million) Americans pay Social Security taxes all year. For ...

The second round of April’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at 70, ...

Widespread Gaps in Understanding: Many Americans, including pre-retirees, lack basic knowledge about how Social Security ...

The changes come as a record-setting cohort of Americans is hitting traditional retirement age, a four-year bubble of late ...

April marks the first month that boosted benefits will be paid out to those who were formally impacted by the Windfall ...

1. Increasing or eliminating the Social Security payroll tax cap Currently, you only pay Social Security payroll taxes — 12.4% split evenly between employee and employer — on the first $ ...

There's a chance the federal program will be around for decades, but it shouldn't be your sole retirement plan.