Although Donald Trump didn't hold up his end of the bargain by eliminating the taxation of benefits, select retirees are ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

The nation’s key program for retiree benefits continues to see financing shortfalls. Unless Congress acts, those drops could ...

Senate Republicans have released their version of the tax legislation. It included some significant changes from the House ...

The Senate proposal also includes a temporary tax break for older Americans: a $6,000 deduction for individuals age 65 and ...

Social Security will not be able to fully pay monthly benefits to tens of millions of retirees and people with disabilities ...

Cuts to Medicaid and anti-poverty programs wipe out gains low-income households could see from policies like no taxes on tips ...

President Donald Trump made some big promises to Americans when he ran in the 2024 election. One of the biggest was to cut ...

Trump proposed doing away with taxes on Social Security benefits. Not only are taxes on Social Security income complicated, they can significantly reduce the value of each retiree's monthly checks.

House Republicans pass compromise senior tax relief bill offering $4,000 deduction instead of eliminating Social Security ...

This deduction would likely benefit people who earn modest incomes. The lowest-earning seniors already pay no federal income ...

The bill passed by the House would raise the standard deduction by up to $4,000 for those 65 and over, starting in 2025 to ...