Experts say retiree Social Security is still taxable and you'll need to read the fine print to understand your situation and ...

The tax break sounds universal, but it’s slanted toward middle- and higher-income earners — workers who owe enough federal income tax for the deductions to make a real difference. A full-time ...

In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

The "no tax on tips" provision in the spending bill creates a new deduction for tipped workers, eliminating what they owe in federal income tax. Tipped workers still have to pay state and local ...

The tax break sounds universal, but it’s slanted toward middle- and higher-income earners – workers who owe enough federal income tax for the deductions to make a real difference. A full-time ...

Size of the tax break: Under the Senate version, the maximum bonus deduction would be up to $6,000 for those 65 and older. Tax filers could claim this deduction on top of the standard deduction ...

If your combined income is between $25,000 and $34,000, up to 50% of your benefits may be subject to tax. If your combined income exceeds $34,000, up to 85% of your benefits may be taxable.