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.

The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...

The One Big Beautiful Bill Act (OBBBA) was signed into law by President ... Also effective for tax years 2025 through 2028, “individuals who are age 65 and older may claim an additional deduction of ...

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

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

The 'One Big Beautiful Bill Act' (OBB), signed by President Donald Trump, is set to bring significant changes to the U.S. tax landscape. This expansive legislation aims to extend the 2017 tax cuts and ...

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

Retirees can benefit from Trump’s Big Beautiful Bill with smart tax strategies like updating withholding, Roth conversions ...

New federal law could save Mississippi retirees thousands in taxes — but the benefit is set to expire in 2028.