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What to know about the $6,000 ‘senior deduction’ in GOP megabill
The Senate’s version of the “big, beautiful bill,” passed on Tuesday, includes a $6,000 tax deduction for Americans 65 or ...
Senate Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...
GOP tax bill includes a $6,000 ‘senior deduction.’ Here’s who qualifies.
The provision emerged from President Donald Trump’s campaign pledge to end taxes on Social Security. But experts say many are ...
A bigger tax break could be ahead for many people 65 and older: How it could work
How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...
Senate reverses course and makes SALT plentiful again in tax bill. Why this matters.
Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, experts say.
Trump Said ‘No Tax on Social Security.’ The Tax Bill Comes Closer to It.
The bill that passed the Senate includes a $6,000 senior tax deduction, compared with the House’s $4,000 deduction.
'SALT' deduction in limbo as Senate Republicans unveil tax plan for Trump's spending package
Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized ...
Ask the Editor, June 20: Questions on Tax Deductions and IRAs
In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on deductions, tax ...