A $6,000 senior tax break is drawing praise and criticism as experts warn of solvency risks while officials highlight ...

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, ...

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and Commissioner Frank Bisignano has outlined efforts to modernize the system. Analysts ...

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 ...

Roughly 400,000 Utah retirees are expected to gain from a new federal tax deduction that eliminates Social Security income ...

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 ...

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

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