A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

For 2025, married couples over 65 filing jointly will also see a modest benefit. The extra deduction per qualifying spouse ...

The House of Representatives and the Senate combined this month to pass the massive tax package known as the “One Big Beautiful Bill,” which includes a new tax deduction for seniors. The bill provides ...

The IRS released 2026 tax brackets—here’s how understanding your bracket can help you save with smart retirement and Roth conversion strategies.

After Congress passed the One Big Beautiful Bill Act, signed into law by President Donald Trump on July 4, the Social Security Administration sent out a statement saying that it “eliminates federal ...

The tax bill approved by Senate Republicans on Tuesday includes a proposed $6,000 deduction for seniors, the legislative version of President Donald Trump’s 2024 campaign pledge to end taxes on Social ...

NBC News reports that the new package extends tax cuts that Trump introduced during his first term in 2017. The new package includes cuts to Medicaid, SNAP and clean energy funding, a temporary slash ...

Dear Savvy Senior: Do I have to pay taxes on my Social Security retirement benefits? I heard that President Trump’s big, beautiful bill eliminated that. What can you tell me? — About to Retire Dear ...