Roughly 100,000 Wyoming retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...

Roughly 400,000 West Virginia retirees are set to benefit from a new federal deduction that eliminates taxes on most Social ...

Perhaps the most noteworthy aspect of the OBBB is the new deduction for seniors across America. Taxpayers who are 65 or older ...

Retirees may need to adjust their financial plans in light of changes introduced by the recently passed Big Beautiful Bill ...

Older Americans can now benefit from a "senior bonus" tax deduction, but it largely depends on their income. SACRAMENTO, ...

The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the number of seniors who won't pay taxes on Social Security to 88 percent.

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.

Call it what you want, “kind and generous,” “unexpected blessing,” or “big and beautiful.” In the most recent major tax ...

Roughly 4 million Texas retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...

Even after President Donald Trump’s megabill was passed, Social Security benefit taxes look the same as they did in the 1980s ...

Once tax-filing season kicks off in January, the federal tax and spending package that became law last month will give teachers like Fulmer a broader write-off for school supplies they purchase out of ...