A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...
Seniors will see a modest $56 Social Security COLA increase in 2026, but a new $6,000 tax deduction may help offset rising ...
The IRS has unveiled its updated 2026 tax brackets and standard deductions, featuring an additional standard deduction for ...
Up to 85% of your Social Security benefits may be taxed, but a new "senior deduction" can cut taxes—unless your income is too ...
Recipients, including retirees and their spouses, as well as those who receive disability benefits and Supplemental Security ...
How would a 2.7% COLA stack up against previous increases? Last year, Social Security beneficiaries received a 2.5% COLA. Over the last two decades, the average Social Security increase has been 2.6%.
A significant tax change for older adult taxpayers this year comes in the form of a new benefit known as the “senior bonus deduction.” Tucked into President Donald Trump’s 2025 tax bill, this ...
Case in point, in Trump’s One Big Beautiful Bill Act (OBBBA) passed by the House on July 4, Social Security taxes were not ...
When combined with the potential for benefit cuts early next decade, the rising cost of Medicare could become a huge burden ...
The opportunities to be active in Colorado are almost limitless, and a new study says the benefits are substantial for the state’s seniors. The study by Seniorly, an online marketplace for families ...