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

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

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and ...

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.

What are pass-through entity taxes, how have they changed, and why is planning in this space important for some types of businesses? We checked in with three local attorneys to find out.

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

Social Security beneficiaries would welcome extra money in the bank from a COLA hike. But some might only be looking at $50 a month or less extra.

Libertarians who say that certain tax deductions and credits are loopholes that need to be closed argue that these loopholes distort the tax code, are inefficient, subsidize high-income taxpayers, ...