The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...

President Trump's 'One Big Beautiful Bill,' enacted on July 4th, introduces a $6,000 tax deduction for seniors aged 65 and older, potentially exempting 88% from Social Security taxes. While offering ...

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

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.

Libertarians who say that certain tax deductions and credits are loopholes that need to be closed argue that these loopholes distort the tax code, are inefficient, subsidize high-income taxpayers, ...

The One Big Beautiful Bill (OBBB), signed into law on July 4, 2025, prevented a large, scheduled tax hike from hitting ...

Vice President JD Vance is traveling to Georgia on Thursday to continue his nationwide tour promoting the new Republican tax ...

If you thought President Donald Trump’s tariffs would push up prices and pinch profit margins, recent economic data has ...