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.

Roughly 100,000 Wyoming retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...

Call it what you want, “kind and generous,” “unexpected blessing,” or “big and beautiful.” In the most recent major tax ...

The One Big Beautiful Bill targets middle-income seniors, offering timely relief in a state with rising property taxes and ...

OneSpartanburg hosted an information session about the bill; audience members raise questions about cuts to Medicaid and ...

Roughly 4 million Texas retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...

Roughly 1 million South Carolina retirees are expected to benefit from a new federal deduction that exempts most Social ...

It’s hard enough to understand the United States’ tax code, let along the modifications engendered by President Donald J. Trump’s ...