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.

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

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

The One Big Beautiful Bill targets middle-income seniors, offering timely relief in a state with rising property taxes and ...

OneSpartanburg hosted an information session about the bill; audience members raise questions about cuts to Medicaid and ...

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

Roughly 1 million South Carolina retirees are expected to benefit from a new federal deduction that exempts most Social ...

You may have heard that earlier this year, President Trump nominated former Missouri Congressman Billy Long to be IRS ...

It’s hard enough to understand the United States’ tax code, let along the modifications engendered by President Donald J. Trump’s ...

The higher deduction would phase out for wealthier households and expire after 2028, giving retirees a few years of lower ...