The One Big Beautiful Bill Act introduces a temporary $6,000 tax deduction for seniors, aiming to ease financial burdens.

It’s also not entirely what Trump claimed. The president made a campaign pledge last year to do away with taxes on tips and “end all taxes on overtime.” Democratic opponent Kamala Harris supported a ...

The exact dollar amount you'll save depends on several factors, including your annual income and tax filing status. A Council ...

The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.

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

Roughly 1.1 million Wisconsin retirees are set to benefit from a new federal deduction that phases out taxes on most Social ...

What does the "Big Beautiful" bill mean for your Social Security as a retiree - and how can you plan for the potential ...

Older Americans can now benefit from a "senior bonus" tax deduction, but it largely depends on their income. SACRAMENTO, ...

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

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.

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

A group of Pennsylvania legislators is taking action to address the alarming rise in online child exploitation by introducing ...