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2. Tax breaks after 50 you might not know about - AOL

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   Here’s a list of states that will likely tax some portion of Social Security in 2024: Colorado generally taxes Social Security benefits over $20,000 for residents ages 55 to 64 and $24,000 for ...

3. New Year, New Rules: 5 Major Social Security Changes for 2025

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   A credit is a certain dollar amount of income that you pay Social Security taxes on throughout the year. In 2024, you earn one credit for each $1,730 of income, and you can earn a maximum of four ...

4. Social Security: New Bill Could Give Seniors an Extra $2,400 ...

   www.aol.com/social-security-bill-could-seniors...

   Another change would be adding more funding by applying the Social Security payroll tax on all income above $250,000. Currently, earnings above $147,000 aren’t subject to the Social Security tax.

5. More Retirees Will Owe Taxes on Social Security Benefits in ...

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   In 2025, for example, seniors are getting a 2.5% cost-of-living adjustment (COLA) because a consumer price index used to calculate COLAs shows that there was a year-over-year price increase. With ...

6. How all 50 states tax retirement income: A comprehensive list ...

   www.aol.com/finance/states-that-tax-retirement...

   Colorado recently reduced its state income tax to 4.25% from 4.4% starting with the 2024 tax year, which applies to all of your taxable retirement income, including Social Security benefits. But ...

7. Many Social Security Recipients Will Owe Taxes for the First ...

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   A survey by the Senior Citizens League revealed that roughly 25% of older Americans paid federal income tax on their Social Security benefits in 2022. That number could be much higher for the 2024 ...

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

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

   A bill announced in the U.S. House could scrap federal taxes on Social Security benefits starting in 2025, while introducing a new funding stream that might keep the program going for an ...

9. Some might see a bigger 2024 tax refund after inflation ...

   www.aol.com/finance/might-see-bigger-2024-tax...

   The standard deduction is rising 6.9% or 7.2%, depending on filing status, while the Earned Income Tax Credit amount will increase by 7.1%, the Internal Revenue Service announced this week.