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Congress did not universally end federal taxation of Social Security benefits for 2026 in the sources provided; existing IRS rules that make up to 50% or 85% of benefits taxable for many recipients re...
For 2026 Social Security payments, recipients may still owe federal income tax on a portion of their benefits depending on “combined income”: up to 85% of benefits can be taxed under current federal r...
Several well-known veteran charities publicly report high percentages of donations directed to programs: Homes For Our Troops reports "nearly 90 cents" of every dollar to programs , Gary Sinise Founda...
Starting in 2026 the IRS’s finalized guidance shifts how many non‑spouse beneficiaries must take inherited IRA distributions: most non‑eligible designated beneficiaries will be subject to a 10‑year ru...
Nine states still tax at least some Social Security benefits as of the 2025 tax year, though the rules differ widely by state and income; West Virginia is completing a legislated phase‑out so it will ...
The Social Security taxable wage base for 2026 — the maximum earnings subject to the 6.2% OASDI payroll tax — is $184,500; at 6.2% that produces a maximum employee Social Security withholding of about...
Tax-exempt interest — including municipal bond income reported on Form 1040 line 2a — is added back to Adjusted Gross Income (AGI) when the Social Security Administration calculates the MAGI that trig...
Converting traditional IRA money to a Roth IRA can reduce the portion of your Social Security benefits that is taxed because qualified Roth withdrawals do not count toward the “combined income” the IR...
For tax year 2025, the plain extra standard deduction for being age 65 or older or blind is $2,000 for single filers/head of household and $1,600 for each qualifying spouse in married filings; blindne...
For tax year 2026 (returns filed in 2027) Social Security benefits become partially taxable for married couples filing jointly once “combined income” exceeds $32,000 — up to 50% taxable between $32,00...
The IRS finalized inherited-IRA rules after the SECURE Acts that generally force most non-spouse beneficiaries to empty inherited IRAs within 10 years rather than “stretch” over a lifetime; the agency...
For physical gold, silver, platinum and most other precious-metal bullion and coins, the IRS treats them as “collectibles,” so long-term capital gains are taxed at a special maximum rate of 28% rather...
New York State does not tax Social Security benefits for residents: Social Security (including Tier 1 railroad and disability benefits) that appear on federal adjusted gross income can be subtracted w...
The 2025 IRMAA income thresholds that trigger surcharges for Medicare Part B and Part D begin at $106,000 for individual filers and $212,000 for joint filers, based on MAGI from 2023 tax returns (SSA ...
The IRS raised the Roth IRA contribution limit for 2026 to $7,500 (with a $1,100 catch‑up for those 50+) and moved the MAGI phaseout bands up: single and head‑of‑household filers now phase out at $153...
Federal rules affecting how much of Social Security is taxed at the federal level will change in 2026 (including a new senior deduction and a shift in taxable wage base), and most states already do no...
For tax year 2026 the Social Security taxable wage base (the earnings subject to the 6.2% OASDI tax) is $184,500, meaning employees pay up to $11,439 in Social Security tax on wages through that cap (...
The standard Medicare Part B premium for 2025 is $185.00/month, up from $174.70 in 2024 (a $10.30 increase) . High‑income beneficiaries pay additional IRMAA surcharges for Parts B and D based on 2023 ...
The IRS explains the extra standard deduction for taxpayers age 65 and older and for those who are blind in Publication 501 and Topic No. 551; Congress’ CRS summary and IRS senior guidance also note t...
California has the largest absolute number of millionaires in the U.S., with multiple 2024–25 reports saying the state leads in millionaire households and high-net-worth residents (e.g., Empower says ...