The deduction reduces at a rate of 6% of the amount exceeding the threshold. For instance, a single filer with a MAGI of ...

Seniors risk losing a temporary $6,000 tax deduction under the OBBBA if their income exceeds strict eligibility limits.

GREENSBORO, N.C. — Update: The U.S. House passed President Trump's "One Big Beautiful Bill." A new tax proposal from President Donald Trump could give seniors a break, but critics say it comes at a ...

President Donald Trump’s One Big, Beautiful Bill provides Americans with additional tax breaks for the 2025 tax year, set to last through 2028 and beyond. According to a new study by SmartAsset, ...

Some Americans ages 65 and over are poised to see additional tax relief under Republicans' "big beautiful" bill. Now that the Senate and House have both passed their versions of the tax and spending ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. When President Trump was running for office, one of the ...

Taxes play a part in their unwillingness to move, but bigger reasons include the absence of affordable, accessible housing ...

Now that the Senate and House have both passed their versions of the tax and spending bill, it is up to President Donald Trump to sign it into law, including a new temporary deduction — called a ...