Tax Deduction, Texas retirees and One Big Beautiful Bill
Digest more
2h
Econostrum on MSNOBBBA Tax Changes: What Seniors Need to Know About New Tax Deductions
The passage of the One Big Beautiful Bill (OBBBA) has sparked both support and criticism, particularly when it comes to its impact on senior citizens. The law, signed by former President Donald Trump in July 2025,
What does the "Big Beautiful" bill mean for your Social Security as a retiree - and how can you plan for the potential changes ahead?
Older Americans can now benefit from a "senior bonus" tax deduction, but it largely depends on their income. SACRAMENTO, Calif. — A new temporary tax deduction for older Americans, dubbed the “ senior bonus ,” is now in effect but financial experts say eligibility depends largely on your income.
The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in effect for the 2025 filing season. Aimed at middle-class workers, boomers and retirees,
Kansas Citians dodged a 2026 tax hike when Congress passed the One Big, Beautiful Bill ... incomes and itemized deductions are higher or where more filers benefit from new provisions, including deductions for tips and overtime, a senior deduction and ...
Roughly 400,000 New Mexico retirees are expected to benefit from a new federal deduction that exempts most Social Security income from taxes starting in 2026.