Starting in 2025, the cap for deducting these taxes has been raised from $10,000 to $40,000. The caps are expected to be raised 1% every year through 2029, before reverting back to $10,000 in 2030.

A new $6,000 deduction could eliminate Social Security taxes for 88% of seniors through 2028, while Congress considers making ...

USA TODAY reached out to retirees across the country who are living mostly on Social Security, to ask how they were doing.

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

Smart year-end moves—like upping retirement contributions, using new OBBA tax breaks, and spending your FSA money—can strengthen your financial position heading into 2026.

It could be worth the time this holiday to consider these tax moves before year end. They could save you money in 2025 and ...

Republicans couldn't eliminate Social Security taxes entirely, but they delivered something better for most seniors.

With the new tax law set to dramatically change charitable tax deductions in 2026, donors might want to consolidate multiyear gifts into 2025 to lock in current tax benefits.

Thirteen states don't tax retirement income at all. Another 41 states don't tax Social Security benefits. However, retirees must still pay federal taxes on their retirement income. Some parts of the ...

An emergency bill passed in Washington, DC, axing key tax breaks touted in the One Big Beautiful Bill Act for its residents highlights why Americans should pay attention to state tax laws, experts ...

An emergency bill passed in Washington, DC, axing key tax breaks touted in the One Big Beautiful Bill Act for its residents highlights why Americans should pay attention to state tax laws, experts ...

The One Big Beautiful Bill Act passed in July 2025, made some long-awaited permanent changes to the tax code. But as we approach the end of the year, our focus must shift to the new, temporary ...