A recent fiscal bill proposes a temporary $4,000 deduction for seniors, aiming to ease tax burdens on Social Security ...

President Donald Trump says his tax bill, which won approval from a key congressional committee on May 18, would lower taxes ...

Governors and state legislators have taken steps to improve taxation of investment income. Some in Congress, meanwhile, want ...

While most states don’t levy state income taxes on your Social Security benefits, the opposite is true for other retirement income, like your pensions or retirement distributions. So, ...

But the income tax decrease in the 2025-26 budget, adopted on April 29, isn’t the largest in 70 years. The income tax rate applied to the excess of a certain threshold, known as a marginal rate, has ...