President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could ...
OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.
Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...
The Trump administration has ushered in a wave of tax changes which will cause significant updates to what Americans owe.
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...
The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...
The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.
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