The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

Do You Need to Pay Taxes on Social Security? Maybe. Here's How to Figure It Out ...

The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

Much discussion has taken place this past year regarding the taxability of Social Security. Several tax law changes that were enacted in 2025 under the One Big Beautiful Bill impact the overall ...

While the increased tax savings will feel good for now, it could affect the future of Social Security benefits.

Everything from Social Security taxation to Medicare premiums can affect your retirement accounts if you make the wrong move.

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

Most states don’t tax Social Security, but rules vary in the 8 that do. Get up-to-date exemptions, thresholds and new ...