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News

One Big Beautiful Bill, Tax Deduction

Yahoo · 1d
100,000 Retirees in Wyoming Qualify For The ‘Senior Deduction’ Under Big, Beautiful Bill
Roughly 100,000 Wyoming retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social Security income.
SFGATE · 1d
1 Million Retirees in South Carolina Qualify For The 'Senior Deduction' Under Big, Beautiful Bill
Roughly 1 million South Carolina retirees are expected to benefit from a new federal deduction that exempts most Social Security income from taxes starting in 2026. The One Big Beautiful Bill
The Motley Fool on MSN · 9d
These 2 Types of Seniors Won't Benefit From President Trump's "One, Big, Beautiful Bill" Tax Deduction
If your income exceeds $150,000 for a single adult or $250,000 for a married couple, you won't qualify for the $6,000 senior deduction. However, you're still eligible to claim your standard deduction and the $2,000 senior deduction that was already in place before the BBB passed.
The Sacramento Bee on MSN10h

Trump Announces Senior Tax Deduction

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and ...
4d

What the Big Beautiful Bill Means for You: New IRS Guidelines Break It Down

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

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