The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.

For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

A recently proposed tax law includes a 'bonus' deduction of up to $6,000 for taxpayers 65 and older. Learn how it works, who ...

Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only ...

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

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

Many taxpayers might miss these valuable tax deductions and credits for 2026, from HSA contributions to the new senior ...

Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the ...

The One Big Beautiful Bill Act became law less than six months ago, but several major changes to the tax code have already ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

South Carolina, North Dakota, Montana and Idaho — are adding tax breaks for qualified tips, car loan interest, overtime ...