The BBB's new senior deduction is only available to adults 65 and older. High-income seniors won't be eligible to claim it.

Roughly 700,000 Connecticut retirees are set to gain federal tax relief on Social Security benefits starting in 2026, thanks ...

Roughly 300,000 Hawaii retirees will see federal taxes vanish from their Social Security income starting in 2026 under ...

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

A new $6,000 senior tax deduction under the OBBBA could help retirees save big on Social Security taxes & offer relief to ...

If you were planning a Roth conversion maneuver this year, the newly-introduced One Big Beautiful Bill (OBBB) doesn’t ...

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

President Trump's fiscal policies have always been a focal point of his administration. In his 2024 campaign, he promised to eliminate income taxes on Social Security benefits. However, the newly ...

For 2025, single filers can claim a standard deduction of $15,750, while married couples filing jointly can claim a standard ...

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

Nothing in the new law specifically addresses Roth accounts, he said, yet several of its provisions could have costly repercussions for clients who undertake Roth conversions. The law made permanent ...