Tuesday's report on August consumer prices points to an 8.7% cost-of-living adjustment to Social Security benefits next year.
Only 11% of Americans 45 and older plan to wait until they're 70 to start receiving their Social Security benefits.
Advisers who help business-owner clients steer clear of possible tax traps in coming years will be performing a service unlikely to be forgotten.
Widows and widowers can boost their survivor benefits by waiting until their full retirement age to claim.
Acting Commissioner Kilolo Kijakazi outlined what the agency is doing to provide a safe environment for those waiting at the agency's offices.
A bill introduced by Rep. Angie Craig, D-Minn., faces long odds this year, while the prospects for broader reform of the program depend on the outcome of November's election.
Thirteen states have tax laws that would treat forgiven debt as income, meaning it's subject to state levies on earnings.
It seems like a good time to review the who, what, when and how much of Social Security spousal benefits, and the different rules — and benefit amounts — for spouses versus survivors.
Setting up shell companies abroad and registering them with the IRS as offshore financial institutions lets Americans sidestep FATCA, according to the report.
New IRS rules complicate the calculation of required minimum distributions for those who have inherited individual retirement accounts.
Senate Finance Committee Ron Wyden has requested information about private placement life insurance, which can be used to shelter hedge funds and other products from taxes.
The Inflation Reduction Act will boost the agency's funding by $80 billion over 10 years to strengthen its enforcement and compliance efforts.
Legislation that last year contained a litany of taxes on high earners has been whittled down to a bill with a few corporate tax provisions.
Representatives Josh Gottheimer, Tom Suozzi and Mikie Sherrill, who have led efforts to include an increase to the $10,000 cap on deductions for state and local tax, will support bill.
A much better-funded Internal Revenue Service would be equipped with new auditors and technology to uncover tax avoidance.
The provision is part of the Inflation Reduction Act the Senate approved over the weekend and the House will take up this week.
Beware of accidentally disenrolling in Medicare. If you keep Medicare coverage, you will need to pay your premiums directly to CMS.
Social Security's earnings restrictions disappear once individuals reach their full retirement age, but FICA taxes on income do not.
The tax deal in the Senate would eliminate the tax break used by private equity and hedge fund managers.
Several House Democrats have said their support of any tax-code changes is contingent on raising the SALT cap.
