Key Takeaways Between 2025 and 2028, Americans aged 65 and older will receive an additional $6,000 deduction if they itemize ...

Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax Policy Center (1) ...

The House of Representatives and the Senate combined this month to pass the massive tax package known as the “One Big Beautiful Bill,” which includes a new tax deduction for seniors. The bill provides ...

After Congress passed the One Big Beautiful Bill Act, signed into law by President Donald Trump on July 4, the Social Security Administration sent out a statement saying that it “eliminates federal ...

President Trump promised to eliminate Social Security taxes for senior years, along with tipped wages and overtime. Some of that's really happening under OBBBA.

The tax bill approved by Senate Republicans on Tuesday includes a proposed $6,000 deduction for seniors, the legislative version of President Donald Trump’s 2024 campaign pledge to end taxes on Social ...

NBC News reports that the new package extends tax cuts that Trump introduced during his first term in 2017. The new package includes cuts to Medicaid, SNAP and clean energy funding, a temporary slash ...

Illinois raised the senior freeze cap to $75K and bumped exemptions — here’s how Chicago seniors can check and claim those ...