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  2. 'Win-win': A bill to eliminate taxes on Social Security ... - AOL

    www.aol.com/finance/win-win-bill-eliminate-taxes...

    Employers and employees each pay tax on 6.2% of wages up to a maximum of $168,600 in 2024 — the self-employed pay 12.4% in taxes. The proposed bill would kick the payroll tax back into gear once ...

  3. Tax policy committee finalizes bill recommendations for 2025

    www.aol.com/tax-policy-committee-finalizes-bill...

    Bill B, or the Senior Housing Income Tax Credit Extension:For tax years 2025 and 2026, the bill would extend a refundable income tax credit for senior taxpayers over the age of 65 with incomes up ...

  4. Social Security Fairness Act: What Will Happen to Your ... - AOL

    www.aol.com/finance/social-security-fairness-act...

    The Social Security Fairness Act (SSFA), which was recently signed into law on Jan. 5, by President Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income ...

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  6. Tax Relief for American Families and Workers Act - Wikipedia

    en.wikipedia.org/wiki/Tax_Relief_for_American...

    The Tax Relief for American Families and Workers Act is a $78 billion package that would expand the Child Tax Credit (a tax benefit that provides money to parents), restore business tax breaks, increase federal funding for states to encourage the development of low-income housing, deepen economic ties between the United States and Taiwan and end a pandemic-era employer tax benefit.

  7. Legal history of income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Legal_history_of_income...

    Federal income tax was first introduced under the Revenue Act of 1861 to help pay for the Civil War. It was renewed in later years and reformed in 1894 in the form of the Wilson-Gorman tariff. Legal challenges centered on whether the income tax then in force constituted a "direct tax". In the Springer v.

  8. Who gets increased Social Security benefits? What to know ...

    www.aol.com/finance/gets-increased-social...

    The bill, passed by the House of Representatives in November and approved in the Senate by a 70-26 vote last month, will cost $196 billion over the next 10 years, the Congressional Budget Office ...

  9. Middle Class Tax Relief and Job Creation Act of 2012

    en.wikipedia.org/wiki/Middle_Class_Tax_Relief...

    The original bill passed the House 234-193 on December 13, 2011, and the Senate unanimously on December 17, 2011. On December 23, 2011, the House and Senate passed H.R. 3765, also called the Temporary Payroll Tax Cut Continuation Act of 2011, and President Obama signed it the same day.