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.

The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...

Big changes are coming to Social Security in the year ahead, impacting everything from the size of your benefit check to your ...

It increases the standard deduction, introduces a temporary increased extra standard deduction for seniors, temporarily exempts earnings from overtime and tips from income tax, raises the child tax ...

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 4 million Texas retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...

Roughly 1 million South Carolina retirees are expected to benefit from a new federal deduction that exempts most Social ...

Even after President Donald Trump’s megabill was passed, Social Security benefit taxes look the same as they did in the 1980s ...

Employers are responsible for providing statements for workers to claim federal income tax deductions on overtime compensation.

At first glance, President Trump's claim of "no tax on Social Security" sounds like a sweeping victory for retirees. In a ...

New federal law could save Mississippi retirees thousands in taxes — but the benefit is set to expire in 2028.