The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.

Roughly 1.1 million Wisconsin retirees are set to benefit from a new federal deduction that phases out taxes on most Social ...

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

Older Americans can now benefit from a "senior bonus" tax deduction, but it largely depends on their income. SACRAMENTO, ...

The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in ...

In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

The exact dollar amount you'll save depends on several factors, including your annual income and tax filing status. A Council ...

If your income exceeds $150,000 for a single adult or $250,000 for a married couple, you won't qualify for the $6,000 senior ...

Roughly 400,000 New Mexico retirees are expected to benefit from a new federal deduction that exempts most Social Security ...

Roughly 600,000 retirees in Oklahoma are expected to benefit from a new federal deduction that exempts most Social Security ...

Delaware’s senior citizens are among those set to benefit from the One Big Beautiful Bill, a federal tax overhaul passed ...

Alabama’s senior citizens could see meaningful tax relief beginning in 2026, thanks to the One Big, Beautiful Bill. Passed ...