For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
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New $6,000 tax deduction for seniors: Who qualifies for the extra 2026 benefit
The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.
The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season.
TRAVERSE CITY, MI, US, April 10, 2024 /EINPresswire.com/ -- With tax season in full swing, taxpayers often face the dilemma of choosing the appropriate tax form for ...
Dear Savvy Senior: Do I have to pay taxes on my Social Security retirement benefits? I heard that President Trump’s big, beautiful bill eliminated that. What can you tell me? — About to Retire Dear ...
West Virginia is phasing out its tax on Social Security benefits. For 2025 returns (filed in 2026), 65% of benefits will be ...
Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. The One Big Beautiful Bill Act introduces a significant ...
If you receive Social Security benefits, keep in mind that you likely need to pay taxes on that money. Like many parts of the ...
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