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 tax deduction aims to ease the financial burden on seniors, but not all Americans will benefit equally. Discover who qualifies for this temporary relief and who might be left behind.

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.

The Internal Revenue Service will allow individuals aged 65 and older to claim an additional $6,000 deduction on top of the ...

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

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 ...

Individuals over the age of 65 can claim $6,000 as a tax deduction, as of their next tax filing, according to the Internal ...

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