Related: How the IRS taxes Social Security income in retirement. The new tax break is welcome news for the over 66 million ...

The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, ...

As living costs rise, U.S. retirees face increasing financial pressure, particularly from federal taxes on Social Security ...

Retired Americans receiving Social Security income have faced major policy changes in 2024, from adjustments to the ...

House Republicans have included a proposal in their tax bill to provide a $4,000 deduction for individuals ages 65 and up.

A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.

The days grow longer and gardens blossom as the season of spring brings a sense of rejuvenation, and for many, a time of ...

A plan to increase state and local tax deductions was immediately rejected by a small but determined GOP “SALT caucus,” ...

But there would be an income limit, with the $4,000 deduction available for people with a modified adjusted gross income of $75,000 or less for single filers and $150,000 for married couples who ...

The House tax plan cuts charitable giving tax incentives for donors to most nonprofit groups while roughly tripling the ...

The bill would make key portions of the TCJA permanent and create a new "senior bonus" deduction, among its many provisions.