Social Security recipients saw higher 2026 taxes after benefit boosts from the Social Security Fairness Act. Most increases are taxable despite new deductions.
The new $6,000 senior tax deduction provides immediate relief but will cost Social Security $168.6 billion in revenue, ...
The new senior tax deduction is worth up to $6,000 for single adults and up to $12,000 for married couples. This stacks on top of the standard deduction for your filing status and the other senior tax ...
Unlike with traditional IRAs, Roths do not provide tax savings, so anyone converting such funds to a Roth must pay federal ...
As we enter tax season, I often hear from seniors that they have been worried about the policy fights here in Washington. After a lifetime in the workforce, raising families, serving their communities ...
The senior bonus deduction is claimed directly on your regular tax return, using either Form 1040 or Form 1040-SR. A Schedule ...
Rep. Gus Bilirakis has welcomed the Working Families Tax Cut Act, which is set to reform the tax code in the country and ...
Some Social Security recipients could be in for a surprise when it comes to their tax refunds this year. Because the Social ...
2026 is shaping up to be a big year for Social Security recipients, with some welcome changes and some that are not so ...
OHIO — With the passage of President Trump’s tax bill last July, tax filing season will look different for many Americans. Overtime pay is getting a tax break — extra hours worked could now mean extra ...
Tax season 2026 brings new changes including a $6,000 deduction for qualifying seniors and limited exemptions on tips and overtime pay.
The Social Security Fairness Act provided more than 2.8 million beneficiaries with higher payments. Here's what to know about ...