As of 2025, the following U.S. states do not tax Social Security benefits Alaska Florida Hawaii NevadaNew Hampshire South Dakota Tennessee Texas Washington Wyoming WHY States have not Tax Social Security Benefits in 2025 States that do not tax Social Security benefits often do so for several reasons: Political and Economic Philosophy: States without income … Read more
The maximum possible Social Security benefit you can receive at age 70 depends on several factors, including your earnings history and the year you turn 70. For 2024, the maximum benefit for someone who begins receiving benefits at age 70 is approximately $4,600 per month. This figure assumes you’ve had high earnings throughout your career … Read more
The term “gutting Social Security” usually refers to proposals or actions that would significantly reduce the benefits or funding for Social Security, a program that provides financial assistance to retirees, disabled individuals, and survivors of deceased workers. In the U.S., Social Security is a federal program, so changes to it are typically made at the … Read more
Deciding when to start taking Social Security benefits is a crucial decision that depends on several personal factors. Here are some key considerations: Full Retirement Age (FRA): This is the age at which you can receive full Social Security benefits without any reduction. For those born between 1943 and 1954, FRA is 66. It gradually … Read more
Certainly! Social Security has many rules and provisions that aren’t widely known. Here are some lesser-known aspects: Spousal Benefits: You can claim spousal benefits based on your partner’s earnings record, even if you have never worked. The maximum spousal benefit is up to 50% of your partner’s primary insurance amount (PIA), assuming you wait until … Read more