Retirement, Individual taxes, Social Security, Tax Planning
Introduction: Big Gains for Older Americans in 2025 2025 has ushered in a powerful new benefit for taxpayers aged 65 and older — a $6,000 bonus deduction under the newly enacted tax legislation. This provision offers substantial tax relief, especially for retirees...
Retirement, Deductions, Social Security
What the “One Big Beautiful Bill” Means for Social Security Taxes in 2025 On July 4, 2025, President Trump signed into law the One Big Beautiful Bill (OBBBA)—a major tax-and-spending package containing several provisions impacting federal income taxation. One key...