News

The Sacramento Bee on MSN17h

Trump Announces Senior Tax Deduction

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and ...
In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
Trump's flagship tax and spending law is expected to have a material (and adverse) impact on America's leading retirement ...
Starting in 2025, the One Big Beautiful Bill Act (OBBBA) introduces historic tax cuts, making key provisions from the 2017 Tax Cuts and Jobs Act permanent while adding new benefits. From enhanced ...
Roughly 600,000 retirees in Oklahoma are expected to benefit from a new federal deduction that exempts most Social Security ...