At a 12% marginal tax rate, for example, Watson noted, the $4,000 deduction alone for a single taxpayer who is 65 or older would result in $480 in tax savings. For a single taxpayer, the 12% tax ...

As President Donald Trump and Congress fumble through his One Big Beautiful Bill on the budget for fiscal year 2025-26, they ...

Medicare's hospital insurance trust fund is now projected to run out by 2033, three years earlier than last year’s estimate.

When that happens, seniors will face an automatic 23 percent cut in their Social Security benefits. Medicare will reduce ...

An imbalance of those over 65 vs. those under 18 is set to exacerbate the current strains on both the Social Security and ...

Meanwhile, Social Security's trust funds — which cover old age and disability recipients — will be unable to pay full benefits beginning in 2034, instead of last year's estimate of 2035.

WASHINGTON — The go-broke dates for Medicare and Social Security 's trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have contributed ...

FILE – A Social Security card is displayed on Oct. 12, 2021, in Tigard, Ore. The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new ...

The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have contributed to closer ...

The go-broke date — or the date at which the programs will no longer have enough funds to pay full benefits — was pushed up to 2033 for Medicare’s hospital insurance trust fund, according to the new ...

Meanwhile, Social Security's trust funds — which cover old age and disability recipients — will be unable to pay full benefits beginning in 2034, instead of last year's estimate of 2035.