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The bill passed by the House would raise the standard deduction by up to $4,000 for those 65 and over, starting in 2025 to ...
Seniors are unlikely to get a break on paying taxes on their Social Security benefits, an issue that impacts more people each ...
One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...
Here’s what you can do to improve your retirement plan and replace potentially missing Social Security income.
The new Republican bill provides a temporary $4,000 tax deduction for seniors, offering partial relief on Social Security ...
As retirement pressures mount across the U.S., Social Security remains one of the most critical issues facing lawmakers. With inflation tightening budgets for millions of seniors a ...
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A proposed senior tax deduction faces Senate hurdles, spotlighting broader debates on tax reform and Social Security’s future.
Trump’s “Big Beautiful Bill,” risks deep cuts to Social Security, Medicare & Medicaid. Here's what retirees need to know, including deadlines and CBO estimates, and responses from lawmakers.
Social Security can't just disappear because it has a pretty solid source of funding -- payroll taxes. As we all work and pay ...
House Republicans’ sweeping budget bill does not eliminate taxes on Social Security benefits — a signature piece of President Donald Trump’s platform — but officials say an enhanced standard deduction ...
"In the coming weeks and months, we will pass the largest tax cuts in American history — and that will include no tax on tips, no tax on Social Security, and no tax on overtime," he said. However, ...