If your income exceeds $150,000 for a single adult or $250,000 for a married couple, you won't qualify for the $6,000 senior ...

Six million California seniors stand to benefit from a sweeping federal tax break that exempts Social Security income, part ...

For seniors across the country, perhaps the most noteworthy aspect of the new bill is the additional deduction for this ...

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

Alabama’s senior citizens could see meaningful tax relief beginning in 2026, thanks to the One Big, Beautiful Bill. Passed ...

Senior citizens are getting a tax break in President Donald Trump’s sweeping tax and spending cuts package, but it’s not the ...

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 ...

New Senior Deduction: Basic Mechanics The new senior deduction provides a $6,000 deduction for taxpayers who have reached age 65 by the end of the tax year. The mechanics are relatively simple.

A think tank has said the Trump administration is "peddling false and exaggerated claims" about taxes on Social Security ...

A new, temporary "senior bonus" deduction of up to $6,000 will apply to taxpayers who are 65 and older in 2025, 2026, 2027 and 2028. It ends after that without congressional action.

The Congressional Budget Office (CBO) informed Senate Budget Committee ranking member Jeff Merkley (D-Ore.) in a letter ...

According to the White House, over 1 million retirees will benefit from a specific provision in the One Big Beautiful Bill ...