A new tax break could boost seniors’ standard deduction by $4,000, but income limits and a 2028 expiration raise concerns about its long-term impact.

Expiration of the rule in 2026 Come 2026, the landscape changes. The expiration of the Special Earnings Rule means deductions from your Social Security benefits will rely solely on the annual ...

When applying for Social Security, consider the new enhanced deduction for people age 65 and older, as well as your health, ...

The White House says the One Big Beautiful Bill Act got rid of taxes on Social Security; finance experts disagree.

One of President Donald Trump's biggest promises to seniors during his 2024 campaign was that he would eliminate taxes on ...

The "Big Beautiful Bill" did not actually eliminate taxes on tips, overtime, or Social Security, but many people will be able to claim new income tax deductions that will reduce federal taxes on such ...

The decrease was not driven by Americans earning less, but was instead attributed to a reduction in Social Security payments.