The tax cuts were significant, but they weren’t the biggest in U.S. history — which was a phrase Trump has often used to inaccurately describe his 2017 tax cut law. The 2025 tax cuts rank either third ...

The One Big Beautiful Bill Act introduces a temporary $6,000 tax deduction for seniors, aiming to ease financial burdens.

From “no tax on tips” to the $6,000 “senior bonus,” state lawmakers are integrating components of the One Big Beautiful Bill ...

The exact dollar amount you'll save depends on several factors, including your annual income and tax filing status. A Council ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on what Congress will do next with taxes.

The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.

Roughly 100,000 Wyoming retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...

Roughly 1.1 million Wisconsin retirees are set to benefit from a new federal deduction that phases out taxes on most Social ...

Older Americans can now benefit from a "senior bonus" tax deduction, but it largely depends on their income. SACRAMENTO, ...

The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...

The passage of Trump’s “one big, beautiful bill” has once again raised the issue of tax loopholes. Murray Rothbard referred ...

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.