Social Security’s 90th birthday is a good time to revisit whether tax rules frozen since the early 1990s still make sense. Each year those limits remain unchanged, more retirees are swept into taxable ...

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

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, ...

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.