President Donald Trump has continually suggested that he may abolish the federal income tax, replacing its revenues with those generated by the institution of high tariffs upon America’s trade partners (such as China,

Social Security recipients will be happy to hear that most states do not tax benefits. Below are the 41 states (along with Washington, D.C.) that currently do not: Missouri, Nebraska, and Kansas are the newcomers to the list, having eliminated their tax in 2024.

Many retirees are surprised to find that a portion of their Social Security benefits may be subject to federal taxes. Understanding how these taxes are calculated and what strategies can help reduce t