Roughly 2.1 million retirees in Ohio are expected to benefit from a new federal deduction that exempts most Social Security ...

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

Roughly 200,000 retirees in Rhode Island are expected to benefit from a new federal deduction that exempts most Social ...

Montana retirees are expected to benefit from a new federal deduction that exempts most Social Security income from taxes ...

The BBB's new senior deduction is only available to adults 65 and older. High-income seniors won't be eligible to claim it.

Many filers won’t be able to take full advantage of expanded deductions in the recently passed tax law.

The landmark tax legislation, the One Big Beautiful Bill Act (H.R. 1), signed into law on July 4, 2025 introduced a temporary special deduction for taxpayers aged 65 or older (Section 70103 of the ...

President Donald Trump pledged 'zero taxes' on Social Security benefits for seniors, claiming fulfillment through the 'One Big Beautiful Bill.' ...

Advertisement Key Takeaways The One Big Beautiful Bill Act includes a $6,000 bonus deduction for those age 65 or older. The White House has announced the bill means “no tax on Social Security.” ...

The 'One Big Beautiful Bill Act' (OBB), signed by President Donald Trump, is set to bring significant changes to the U.S. tax landscape. This expansive legislation aims to extend the 2017 tax cuts and ...

What everyone should know The recently passed One Big Beautiful Bill Act (OBBBA) addresses some tax law uncertainty while creating several benefits impacting your 2025 tax return. One of these ...

Read Next: 4 Ways Trump’s ‘Big Beautiful Bill’ Will Change How You Plan for Retirement Reporting by the Tax Foundation found that the full amount for this deduction is for those whose AGI is ...