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Taxes and Washington
Tax policy hitting savers.
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States Where Retirees Pay No Sales Tax on Groceries or Everyday Essentials
1+ day, 3+ hour ago (302+ words) State sales taxes can quietly reshape a retiree’s budget. See where groceries and other essentials get lighter tax treatment—and where costs add up....
Super contributions surge more than a third after budget tax changes
8+ hour, 18+ min ago (747+ words) September 20, 2026 — 3:05pm Australians are tipping more money into their super accounts after the federal budget cut back negative gearing and overhauled capital gains tax, with major funds reporting a 35 per cent annual jump in additional contributions by members. For-profit funds MLC…...
Up to 85% of Your Social Security Gets Taxed Once Combined Income Crosses $34,000. The Middle-Class Trap Most Seniors Miss
19+ hour, 57+ min ago (909+ words) Most retirees assume they paid into Social Security long enough to collect their checks without another tax bill waiting. The reality hitting middle-class seniors hard has everything to do with a formula that hasn't budged in decades. In order to…...
The Tax Rich Business Owners Skip That W-2 Workers Can't: How S Corp Profits Escape the Medicare Surtax
20+ hour, 19+ min ago (1154+ words) A salaried worker and a business owner can earn the same income doing the same job, yet face a completely different Medicare tax bill. The reason comes down to a legal labeling trick built into the tax code that one…...
This new bill could save Social Security in America — and boost your monthly check. Is it time to kick your heels back?
20+ hour, 16+ min ago (647+ words) There’s a new solution to Social Security’s impending funding crisis. But don’t rely on it while planning your retirement....
USA Income Tax Rates by State
1+ day, 1+ hour ago (174+ words) Explore U.S. income tax rates by state, including flat and graduated systems, no-income-tax states, top rates, deductions, and upcoming changes....
A New IRS Reporting Change Could Leave IRA Owners Unprotected on Charitable Distributions - Here’s What to Do
1+ day, 2+ hour ago (536+ words) A change in IRS reporting protocol is raising questions for retirees. Qualified charitable distributions (QCDs) may help some retirees reduce their tax liability, support a cause they believe in, and save money in retirement. However, the IRS has implemented a…...
Selling the House She Bought for $140,000 in 1988 Will Cost a 74-Year-Old $90,000, Thanks to a Tax Break Frozen Since 1997
1+ day, 3+ hour ago (768+ words) She spent decades in the same house, watched its value soar, and assumed a comfortable, tax-free exit was waiting for her. A call from her CPA ended that assumption fast. A widow in her mid-70s bought a modest home in 1988 for…...
More money for bombs and handcuffs, less for seniors
1+ day, 14+ hour ago (195+ words) Have you ever read an article in the newspaper that at first made you feel melancholy, then sad and then red-faced angry? All of these emotions happened to me as I read an article on The Daily News front page…...
Seniors can???t afford to keep Mike Lawler in Congress
1+ day, 14+ hour ago (468+ words) Seniors cannot afford to keep Rep. Mike Lawler in Congress. His unwavering support for expensive MAGA policies is making it harder for older Americans to afford the basics. For too many older Americans, the cost of a basic, dignified life…...