A recently proposed tax law includes a 'bonus' deduction of up to $6,000 for taxpayers 65 and older. Learn how it works, who ...

Aging has its benefits. Many people find that as they become older, they become wiser, more resilient, and have developed deeper relationships. There are a few financial perks, too. Eventually, you ...

President Donald Trump pledged that there would be “no tax on tips, no tax on overtime and no tax on Social Security for our great seniors” on his 2024 campaign trail. He signed into law the One Big ...

American taxpayers aged 65 and older will receive a new $6,000 bonus tax deduction next year as part of President Donald Trump’s One Big Beautiful Bill Act. The temporary deduction comes alongside ...

As tax season approaches, the Newburyport Council on Aging wants to make sure seniors take advantage of its free tax preparation offering coming up soon.

The seminar will cover topics including making smart financial decisions, and applying for property tax and rent rebates, ...

Even if you’ve paid off your mortgage or have low monthly payments, property taxes can certainly put a dent in your finances–especially if you’re a senior relying on a fixed income like Social ...

Kristina Byas is contributor at Investopedia. As a personal finance expert, she has lent her insights and knowledge to numerous financial publications. Her articles have helped readers navigate the ...

This article adheres to strict editorial standards. Some or all links may be monetized. Social Security is a key income source for millions of retired Americans, and these benefits are taxed at the ...

President Donald Trump pledged to end taxes on Social Security as part of the GOP's 'One Big Beautiful Bill' signed into law on July 4. The exact wording of the law actually stipulates a $6,000 tax ...