News

Roughly 100,000 Wyoming retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...
The One Big Beautiful Bill offers targeted relief to middle-income seniors in one of the nation’s oldest states.
Roughly 1.2 million Tennessee retirees are expected to benefit from a new federal deduction that exempts most Social Security ...
Roughly 1 million South Carolina retirees are expected to benefit from a new federal deduction that exempts most Social ...
Roughly 400,000 New Mexico retirees are expected to benefit from a new federal deduction that exempts most Social Security ...
The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...
The Sacramento Bee on MSN13h

Trump Announces Senior Tax Deduction

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and ...
The BBB's new senior deduction is only available to adults 65 and older. High-income seniors won't be eligible to claim it.
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.
A $6,000 senior tax break is drawing praise and criticism as experts warn of solvency risks while officials highlight ...
Roughly 1.8 million Georgia retirees are set to gain from the new federal senior deduction, which exempts most Social ...
Roughly 100,000 Alaskan retirees stand to gain from the new federal senior tax deduction, which exempts most Social Security income starting in 2026. With high living costs and rural challenges, ...