Will You Still Owe Taxes on Social Security? New Deduction Helps Retirees—But If You’re Still Working, There’s a Catch

Up to 85% of your Social Security benefits may be taxed, but a new "senior deduction" can cut taxes—unless your income is too ...

The biggest Social Security surprise for retirees in 2026

Retirees must wait another five and a half weeks (give or take a few days) for the Social Security Administration (SSA) to ...
Richland Source

Senior tax bonus: A deep dive

A key feature of this bill is what’s being called the senior bonus, or senior deduction. Beginning in 2025 and running through 2028, taxpayers aged 65 or older can take an additional “bonus” deduction ...
Soy Aire on MSN

2025 Tax Credits for Married Couples with Children

As 2025 unfolds, married couples with children must navigate the tax landscape without relying on outdated stimulus check ...

Five Ways to Cash In On the $6,000 'Senior Bonus' Deduction

Taxpayers aged 65 and older may be able to benefit from a $6,000 'senior bonus' deduction over the next four tax years. Here ...
MiBolsilloColombia on MSN

How the IRS no-tax-on-tips rule works and who can benefit

The IRS 'No Tax on Tips' rule under the One Big Beautiful Bill Act provides a tax deduction for qualified tips, helping ...

New Deductions, Bigger SALT Breaks, Smarter Roth Moves: How To Maximize 2025’s Tax Law Changes Before Year-End

How To Maximize 2025’s Tax Law Changes Before Year-End to improve your retirement savings strategy and unlock other ...
The Garden Island

TAX MAN: The deduction for state and local tax

This week, we look at the push and pull that the federal tax system inflicts on state and local tax systems. Walter Smith Sr. and Walter “Freckles” Smith Jr. of Smith’s Motor Boat Service were ...