For one thing, the new tax deduction does not apply to people on Social Security who are below the age of 62. For another, the deduction can also apply to people over the age of 65 who have yet to ...

On July 4, 2025, President Trump signed H.R. 1—dubbed the One Big Beautiful Bill Act (OBBBA)—enacting significant modifications to clean energy credits previously enacted under the Inflation ...

The One Big Beautiful Bill Act (OBBBA) makes permanent the lower tax brackets with revised income thresholds established by the TCJA. OBBBA also makes the standard deduction, which was roughly ...

Better-than-expected job growth and the passage of US tax legislation propelled the S&P 500 to all-time highs on Friday. Please note that the tax bill is named the One Beautiful Big Bill Act ...