Tax season usually brings a refund check for most workers, but if you're retired, you could wind up owing the IRS.

A fter years of paying into the Social Security system, many seniors are surprised to learn that the benefits they receive after retirement may be subject to federal income tax. T

Taxes on Social Security benefits have gotten a lot of attention over the last few months, ever since President Trump vowed to eliminate them on social media. If you owe them, you probably know they can cost you quite a bit. The IRS taxes up to 85% of some seniors' benefits at ordinary income tax rates, which can amount to thousands of dollars.

In a significant move, the Social Security Fairness Act aims to rectify long-standing inequities in the Social Security system. By eliminating key provisions that reduced benefits, the Act ensures fair treatment for millions of Americans.

You may be required to pay taxes on a portion of your Social Security benefits. Here's what you can expect to pay.

As the Social Security system in the United States edges closer to insolvency, various reform proposals have emerged to address its funding crisis. However, a recent survey by the National Academy of Social Insurance (NASI) reveals that some of these proposals are met with strong public opposition.

Social Security benefits are handled differently than regular income by the IRS, which can make tax season tricky.