You can also request that the IRS withhold money for taxes from your Social Security checks up front. This would save you the trouble of having to do the math to figure out how much you might owe. If it withholds too much from your checks, you'd get the extra back as a refund when you file your tax return.

If you're trying to collect Social Security benefits, it's important to know how your tax debt could impact that.

Ways to avoid paying taxes on Social Security benefits. Before we dive into some ways to potentially reduce your tax burden, it’s good to remember that the portion of your benef

Eliminating taxes on Social Security benefits would provide current beneficiaries with thousands more dollars but could cause younger generations to lose thousands in benefits.

The last major reform occurred in 1983, when bipartisan legislation increased the full retirement age and introduced taxes on Social Security benefits. Yes. Social Security will still be around in 2050, but the amount retirees receive may be lower if Congress does not act.

Social Security retirement benefits are subject to taxes in many cases. But familiarity with the rules and some advance planning can limit the impact.

Mississippi gets the smallest average checks, while New Hampshire has the largest average benefit. States with higher average incomes tend to have higher average Social Security benefits. No matter where you live,

About 94,000 Louisiana government retirees immediately will begin receiving their full Social Security benefits from any private employment that had been docked for years because they also received public service pensions.