A $6,000 senior tax break is drawing praise and criticism as experts warn of solvency risks while officials highlight ...

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

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and Commissioner Frank Bisignano has outlined efforts to modernize the system. Analysts ...

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 offers targeted relief to middle-income seniors in one of the nation’s oldest states.

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 ...

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 ...

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