A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

Many retirees feel they’re being “taxed twice” on benefits they already earned. And now, U.S. Sen. Ruben Gallego (D-AZ) has introduced a measure to finally end the tax on Social Security for the more ...

All the misleading buzz about Social Security and tax cuts for seniors in "One Big Beautiful Bill" foreshadows one ugly scene after another at tax preparation offices next year. It's not going to be ...

After Congress passed the One Big Beautiful Bill Act, signed into law by President Donald Trump on July 4, the Social Security Administration sent out a statement saying that it “eliminates federal ...

Dear Savvy Senior: Do I have to pay taxes on my Social Security retirement benefits? I heard that President Trump’s big, beautiful bill eliminated that. What can you tell me? — About to Retire Dear ...

In addition to nixing federal taxes on benefits, the proposal would raise the Social Security payroll tax cap to include annual earnings over $250,000. Money; Getty Images Sen. Ruben Gallego, D-Ariz., ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. For many retirees, being taxed on Social Security ...

President Donald Trump signed the Republican megabill dubbed the "Big Beautiful Bill" into law on the Fourth of July in a White House signing ceremony complete with a flyover from military planes. The ...

You don't stop paying taxes once you retire, but your tax situation does shift considerably. And this turbulence leads to a ...

Close to 74 million Americans receive Social Security benefits. Nearly two-thirds (63%) say their checks account for at least half of their personal income, according to the Pew Research Center, and ...