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

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and ...
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, ...
Social Security’s 90th birthday is a good time to revisit whether tax rules frozen since the early 1990s still make sense.
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 ...
Stay NJ reimburses eligible applicants up to 50% on their property tax bills, with a maximum of $13,000. This means you could get a rebate worth up to $6,500 for your property taxes paid during the ...
Big changes are coming to Social Security in the year ahead, impacting everything from the size of your benefit check to your ...
If you thought President Donald Trump’s tariffs would push up prices and pinch profit margins, recent economic data has ...
CarMax reports that subcompact cars like the Honda Fit and Chevrolet Spark are increasingly rare, now mostly available used, ...