The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...
President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could ...
The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...
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.
The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...
Market Realist on MSN
Seniors who receive Social Security benefits to get a 'bonus' tax deduction — key details
The bonus reduction will add $670 to the after-tax income of seniors on average.
Exemptions, deductions and rebates may sound similar, but they work at different stages of tax calculation and directly ...
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