Millions of retirees are about to see a rare kind of tax change: one that actually shrinks the IRS bill on their Social ...
For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
The White House claims there's “no tax on Social Security,” but the One Big Beautiful Bill doesn’t deliver that. It’s just a ...
Federal tax rules for retirees are shifting again, and this time the stakes are higher for anyone living on a mix of Social ...
Christian Allred has been a professional writer since 2020. He's written for some of the industry’s top brands and publications, including Rocket Mortgage, PropStream, Propmodo, and CRE Daily.
The One Big Beautiful Bill Act (OBBBA) added a new tax deduction worth up to $6,000 ($12,000 for married couples) for seniors. You must be at least 65 and not a high earner to qualify. Exact tax ...
President Trump promised that he would eliminate taxes on Social Security benefits. While the President was not quite able to ...
Kristina Byas is contributor at Investopedia. As a personal finance expert, she has lent her insights and knowledge to numerous financial publications. Her articles have helped readers navigate the ...
County Commission members agreed on Wednesday to once again consider imposing a senior tax freeze next July 15. The program would not take effect until the next year after passage (2027). It was noted ...
Legislation signed by Governor Kathy Hochul will allow eligible New York seniors to receive up to 65% in property tax ...
FLORENCE, Ala. (WAFF) - A new tax exemption will officially start on Wednesday in Lauderdale County. This amendment gives people 65 or older the chance to be exempt from rising property taxes. Revenue ...