President Trump's 'One Big Beautiful Bill,' enacted on July 4th, introduces a $6,000 tax deduction for seniors aged 65 and ...

A $6,000 senior tax break is drawing praise and criticism as experts warn of solvency risks while officials highlight ...

Social Security’s 90th birthday is a good time to revisit whether tax rules frozen since the early 1990s still make sense.

The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.