There are some scenarios in which Social Security benefits are taxed. If Social Security payments were your only income for the year, then you will not be taxed by the IRS. However, if you have ...

Finding out if you owe tax on your Social Security benefits this year is not a complicated process. But you have to take the time to review all your income and make a few calculations. Following are ...

Question: A man from Rock Island writes: ``My wife and I have income from a variety of sources and a significant tax liability each year. I understand that we can have federal income tax withheld from ...

Retirees often find themselves surprised by tax bills on their Social Security benefits. While many assume these benefits are tax-free, the reality is that a portion can be taxable depending on your ...