The OBBBA law created a new tax deduction of up to $6,000 for seniors. Find out who qualifies, how it works with the standard ...

In a recent monthly newsletter published by Ed Slott, Heather Schreiber, an expert on Social Security, discussed the impact ...

If you’re an older adult, a new bonus tax deduction could provide a valuable tax benefit. Here's how it works.

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

If you’ve ever stared at a tax form and wondered why the same year produces two different “income” numbers, you’re in good company. Taxes can feel like assembling a puzzle with a few extra pieces ...

Social Security numbers (SSNs) must be shown on the return for each child for whom the credit is being claimed, but also, new ...

Among the changes in the One Big Beautiful Bill Act is an adjustment to the state and local tax deduction cap. The bill temporarily increases the SALT deduction cap, allowing taxpayers to deduct a ...