The new tax law raises the SALT cap and secures the 199A deduction, giving pass-through entities fresh opportunities for tax planning and savings.

Social Security beneficiaries would welcome extra money in the bank from a COLA hike. But some might only be looking at $50 a month or less extra.

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 ...

A new temporary tax deduction for older Americans, dubbed the “senior bonus,” is now in effect but financial experts say eligibility depends largely on your income.

Supporters of the legislation emphasize the immediate relief for seniors facing tax burdens, framing the deductions as a way ...

What are pass-through entity taxes, how have they changed, and why is planning in this space important for some types of businesses? We checked in with three local attorneys to find out.

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

Libertarians who say that certain tax deductions and credits are loopholes that need to be closed argue that these loopholes distort the tax code, are inefficient, subsidize high-income taxpayers, ...

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.

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

Roughly 100,000 Wyoming retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...