The One Big Beautiful Bill Act introduces a temporary $6,000 tax deduction for seniors, aiming to ease financial burdens. While it offers relief, it doesn't eliminate taxes on Social Security benefits,

Roughly 400,000 Utah retirees are expected to gain from a new federal tax deduction that eliminates Social Security income taxes for most recipients starting in 2026. The One Big Beautiful

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

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 bonus ,” is now in effect but financial experts say eligibility depends largely on your income.

Roughly 1.1 million Wisconsin retirees are set to benefit from a new federal deduction that phases out taxes on most Social Security income starting in 2026. The One Big Beautiful Bill

The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in effect for the 2025 filing season. Aimed at middle-class workers, boomers and retirees,

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 of Economic Advisors report estimates that the average senior who qualifies for the new tax deduction will see an increase of $670 in after-tax income. But it's possible that you may save slightly more or less than this.

Roughly 600,000 retirees in Oklahoma are expected to benefit from a new federal deduction that exempts most Social Security income from taxes starting in 2026.

The One Big Beautiful Bill targets middle-income seniors in a state where fixed incomes increasingly strain retirees.