News

For seniors across the country, perhaps the most noteworthy aspect of the new bill is the additional deduction for this ...
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
President Donald Trump pledged 'zero taxes' on Social Security benefits for seniors, claiming fulfillment through the 'One ...
A new, temporary "senior bonus" deduction of up to $6,000 will apply to taxpayers ages 65 and older in 2025, 2026, 2027 and 2028. It ends after that without congressional action.
Seniors can currently claim a standard deduction of $15,000 (or $30,000 for couples), plus an additional senior-specific deduction of $2,000 (or $3,600 for couples).
A new temporary tax deduction for seniors offers relief, but it’s not a direct cash payment. Knowing the rules is key to ...
Find out the truth behind the senior $6,000 Bonus in the Big Beautiful Bill, including who qualifies and how much it could ...