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Many Americans received an email from the Social Security Administration applauding the megabill's passage. Experts say it ...
According to Gay, the law adds a $6,000 tax deduction for anyone 65 or older, regardless of whether they receive Social Security benefits. That's a key difference from the messaging around the bill.
The new bonus deduction is available for taxpayers aged 65 or older that itemize their deductions. Single filers will receive $6,000 and for married-filing-jointly couples, $12,000 if both spouses are ...
21h
Soy Aire on MSNThe 'One Big Beautiful Bill': Implications for Social Security and SeniorsThe 'One Big Beautiful Bill' has stirred debates over its impact on Social Security benefits. Despite promises to eliminate ...
10h
GOBankingRates on MSNI Asked ChatGPT What Trump’s ‘Big Beautiful Bill’ Means for Retirees’ Taxes: Here’s What It SaidOverwhelmed at understanding it, I turned to ChatGPT to learn more about what this bill means for retirees and their taxes ...
The Social Security Administration was in error and possibly illegal in an email generally sent to senior citizens on July 3. The email invoked the SSA’s name in offering partisan opinion, spin and de ...
The Social Security Administration lied about the GOP budget bill in a message to beneficiaries. Can we trust anything it ...
If I’m able to generate some extra money at the end of the year because of the tax cuts, I can choose how to use that increase.
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