The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...
The One Big Beautiful Bill (OBBB) Act that President Trump signed into law last July implemented multiple changes to the tax ...
Benjamin Franklin famously quipped that there’s nothing certain in life other than death and taxes. Any changes to the latter pique the interest of most Americans. As it does annually, the IRS ...
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...
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Why the new senior tax deduction may beat any Social Security tax cut
The new senior tax deduction is quietly reshaping retirement math. Instead of tinkering with how Social Security itself is taxed, Congress created a sizable extra write off for older filers that can ...
One of the biggest decisions people make at tax time is whether to itemize or take the standard deduction. Most people take the standard deduction, according to IRS data, but tax pros warn that if you ...
A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the ...
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