FORGOTTEN HISTORY: Federal taxes - Caught on Camera

Do You Still Pay Federal Taxes on Social Security? What Retirees Should Know Before Filing in 2027

A bigger Social Security check does not necessarily mean more spending money. The IRS may want a piece of those benefits, even when retirement has replaced a regular paycheck. For retirees preparing their 2027 tax returns, one familiar rule still deserves attention: Social Security benefits can remain subject to federal…

The Free Financial Advisor · Oct 24

IRS Changes Credit and Debit Card Tax Payment Rules — What Taxpayers Should Know About Fees

The Internal Revenue Service has finalized new regulations that could change how Americans pay their federal taxes using credit and debit cards. The changes allow the IRS to accept card payments directly rather than requiring taxpayers to complete transactions through separate third-party payment processors.

The Free Financial Advisor · Oct 19

Many Social Security Recipients Pay Taxes on Their Benefits — Most Are Surprised

Millions of retirees depend on Social Security checks as a core part of their monthly income, yet many still end up paying federal taxes on those benefits. That surprise often hits when tax season arrives and the IRS calculates how much of those benefits count as taxable income. The rules…

The Free Financial Advisor · Jun 13

The Hidden Tax Rules Shrinking Social Security Checks — What Seniors Need to Know

Social Security feels like a fixed number stamped on your monthly statement, a tidy promise you can plan around. But the reality bites a little differently. That check you rely on doesn’t always arrive untouched. Federal taxes can carve away a portion of it, and most people never see it…

The Free Financial Advisor · Feb 20

California Sues to Protect $4.9 Billion in School Funding

State funding and local resources are currently at the center of a high-stakes legal battle between Sacramento and Washington. You pay federal taxes with the expectation that those funds return to support your local roads and schools. However, California is currently pushing back against a federal threat to withhold $4.9…

Budget and the Bees · Feb 16

He Has 27 Rentals, Makes $15,000 A Month, But Hasn't Paid Taxes In A Decade. 'For A Guy Who Doesn't Pay Taxes, You Shouldn't Be This Broke'

Claud from Orlando, Florida, called into “The Ramsey Show” with a confession: he hasn't filed his federal taxes since 2016. Despite owning 27 rental properties and reportedly bringing in up to $15,000 a month, Claud is struggling with cash flow and facing a looming financial mess.

Benzinga · Dec 4, 2025

You Earn It, You Keep It: New Bill Would End Taxes On Social Security Benefits

A new bill in Congress could permanently eliminate federal taxes on Social Security benefits — a change that would impact millions of retirees. The You Earn It, You Keep It Act would also strengthen the program's trust funds by requiring higher earners to contribute more.

Benzinga · Sep 11, 2025

Trump’s Big Beautiful Bill Reduces Federal Taxes in Every State: Here’s How Much of a Cut You Could See

Most taxpayers just dodged a major tax hike. See how much you could save under Trump’s extended tax cuts and which states benefit the most -- and least.

GOBankingRates · Sep 3, 2025

Elizabeth Warren Says Elon Musk's SpaceX Is Paying Less Tax Than You But Getting 'Billions' From The Government: Trump And GOP 'Rigged' The Tax Code

Sen. Elizabeth Warren (D-Mass.) has accused Elon Musk's SpaceX of benefiting from billions in U.S. government contracts while paying little to no federal taxes.

Benzinga · Aug 19, 2025

New Senior Tax Deduction That Could Slash Your Retirement Income — But It Ends Soon

When it comes to retirement, it is important to identify as many tax deductions as you can. After all, you are on a limited income. Learning about a new senior tax deduction could make all the difference in the world. Many headlines have suggested that this deduction would “eliminate” all…

Clever Dude · Aug 4, 2025