The bonus reduction will add $670 to the after-tax income of seniors on average.

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

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

The Social Security Administration has been facing an impending insolvency crisis.

President Donald Trump has touted "no tax on Social Security" with the addition of a new senior deduction. Some states still apply levies to benefit income.

The "big beautiful" tax law lets older American couples potentially take up to $12,000 per year off their taxable income for ...

Taxpayers aged 65 and older are eligible for a $6000 deduction. Here's all on eligibility and how the deductions work with ...

Here's when Social Security and SSI checks arrive for February, how much benefits have risen and what new tax and repayment ...

If you’re collecting Social Security, you probably noticed that your January check was larger than your checks in 2025.

The COLA is called a raise because it results in a retiree’s monthly benefits check getting bigger.  The purpose of it is to ...

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