The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.

A recently proposed tax law includes a 'bonus' deduction of up to $6,000 for taxpayers 65 and older. Learn how it works, who ...

The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season.

Social Security represents a major source of monthly income for many citizens, especially retirees. The "new" deduction will ...

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 ...

QUESTION: What are the IRS income tax filing requirements for seniors this year? I didn’t file a tax return the past two years because my income was below the filing requirements, but I got a ...

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 ...

CHICAGO (WLS) -- A new law is expanding property tax relief for senior homeowners. The tax deferral program increases income ...