While the more than 1,000-page tome contains many major changes, one has been called out most often: passing it will add $2.4 ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

The bill passed by the House would raise the standard deduction by up to $4,000 for those 65 and over, starting in 2025 to ...

The IRS is set to implement significant changes in 2025 that will impact retirement savings and Social Security strategies.

The Trump administration's initial promise to eliminate federal taxes on Social Security benefits has transformed into a more ...

The recent tax proposal by President Trump, known as "The One Big Beautiful Bill Act," has sparked discussions on its ...

Many retirees are surprised to learn that their Social Security benefits can be subject to federal income tax. The IRS ...

The 'One Big Beautiful Bill Act' aims to temporarily ease the tax burden for Social Security beneficiaries, promising a ...

Permanently extend the individual tax cuts enacted by Trump's Tax Cuts and Jobs Act, which was signed into law in December ...

Amidst growing concerns about the solvency of Social Security, a new bill, H.R. 904, proposes to eliminate federal taxes on ...

This deduction would likely benefit people who earn modest incomes. The lowest-earning seniors already pay no federal income ...