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A new $6,000 tax deduction aims to ease the financial burden on seniors, but not all Americans will benefit equally. Discover who qualifies for this temporary relief and who might be left behind.
For seniors across the country, perhaps the most noteworthy aspect of the new bill is the additional deduction for this ...
The 2025 budget law will accelerate Social Security insolvency to 2032. The program will go insolvent during the term of the ...
For 2025, single filers can claim a standard deduction of $15,750, while married couples filing jointly can claim a standard ...
The senior deduction is an exemption for filers 65 and older introduced in the One Big Beautiful Bill Act. It allows seniors to claim an additional $6,000 whether they itemize or take the standard ...
A think tank has said the Trump administration is "peddling false and exaggerated claims" about taxes on Social Security ...
The Congressional Budget Office (CBO) informed Senate Budget Committee ranking member Jeff Merkley (D-Ore.) in a letter ...
The One Big Beautiful Bill targets middle-income seniors, offering timely relief in a state where affordability is key to ...
Alabama seniors could see major tax relief starting in 2026 under a new federal law that exempts most Social Security income ...
Congresswoman Teresa Leger-Fernandez accused Donald Trump of misleading seniors about his proposal to remove taxes on Social ...