Individuals over the age of 65 can claim $6,000 as a tax deduction, as of their next tax filing, according to the Internal Revenue Service. Those who file joint returns can claim this amount ...

When Congress passed the Big, Beautiful Bill this spring, retirees and those nearing retirement took notice. Officially ...

Roughly 1.5 million Virginia retirees are expected to benefit from a new federal deduction that phases out taxes on Social ...

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

About three or four times a year, a client will offer a tip to Bill Nemeth for his work on their tax return. Accounting Today is a leading provider of online business news for the accounting community ...

What does the "Big Beautiful" bill mean for your Social Security as a retiree - and how can you plan for the potential ...

Trump's new tax law gives a boost to two provisions to help parents with high child care costs. Is one better than the other?

"No tax on tips" in Trump's so-called "One Big Beautiful Bill" starts in 2025 and expires in four years. It covers only the ...

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

New Hampshire residents will get an average tax break of $4,597 next year under President Donald Trump’s newly minted tax and ...

This country needs to identify and promote alternative ways to finance Americans' retirement. What better way than to allow ...