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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 ...
Roughly 100,000 Wyoming retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...
What does the "Big Beautiful" bill mean for your Social Security as a retiree - and how can you plan for the potential changes ahead?
The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in ...
Older Americans can now benefit from a "senior bonus" tax deduction, but it largely depends on their income. SACRAMENTO, Calif. — A new temporary tax deduction for older Americans, dubbed the “ senior ...
In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
If you're a senior, tax time might be a little less painful for you next spring due to the passage of the "big, beautiful bill" (BBB). It made several law changes, including the addition of a new ...
The Sacramento Bee on MSN1d

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 Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.
Roughly 400,000 Utah retirees are expected to gain from a new federal tax deduction that eliminates Social Security income ...
Roughly 400,000 New Mexico retirees are expected to benefit from a new federal deduction that exempts most Social Security ...