Individuals 65 and older who file singly have a total deduction of $23,750 starting in 2025, including the $15,750 standard deduction, the $2,000 existing senior deduction, and a new $6,000 senior ...

What am I overlooking? We have one grandson and we will fund a 529 to cover college, although our son and his wife, another hedge-fund trader, have enough. I feel guilty. I enjoy vacations to Europe ...

Trump's Big Beautiful Bill may take away healthcare cover for thousands of Indians in the US, but it will help Indian-Americans save big. An interactive White House map shows savings for individuals ...

We don't have any loans or long-term debt. Our house is worth $500,000 and our cars are paid off. We pay our credit cards in full every month. The children are grown up but our daughter is in medical ...

The Department of Finance clarifies that the 20% tax under CMEPA applies only to bank interest income, not to savings. The reform aims to fix unfair tax breaks for the wealthy and streamline ...

Starting in 2025, the first $12,500 of overtime pay for single individuals (or $25,000 for married couples) will not be subject to Social Security and Medicare taxes.

Key Points Social Security is at risk of having to cut benefits in less than a decade. There's a good chance lawmakers will ...

This list of states that tax Social Security benefits has been shrinking. As of 2016, for example, 13 states taxed Social Security.