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Retirement
fromABC7 San Francisco
1 week ago

Is there really no tax on tips, overtime, and Social Security? Here's what to know

The new tax law offers potential benefits, but many conditions and income thresholds affect actual tax liabilities for seniors and others.
US politics
fromFast Company
1 month ago

New tax rules are in effect this season-and many filers don't know about them

2025 tax law increases refunds by exempting overtime and tips, raising the child tax credit, and adding senior deductions, potentially boosting many refunds $1,000.
#obbba
fromSFGATE
1 month ago
US politics

700,000 Retirees in Louisiana Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

fromSFGATE
1 month ago
US politics

700,000 Retirees in Louisiana Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

more#obbba
US politics
fromSFGATE
1 month ago

3.3 Million Retirees in New York Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

New York retirees will receive a Senior Deduction beginning 2025, reducing federal tax on Social Security and increasing after-tax retirement income.
fromSFGATE
1 month ago

300,000 Retirees in New Hampshire Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

At the heart of this legislation is the "senior deduction," a provision created to provide financial breathing room for those living on fixed incomes. For the state's aging population, the policy could deliver meaningful tax benefits during a time when many are hoping to age in place in their homes, but need the extra money in order to do so.
US politics
US politics
fromwww.mercurynews.com
2 months ago

Jill On Money: Tax season opens

2025 tax changes alter deductions and credits; file electronically by April 15, 2026, claim the larger of standard or itemized deductions, and check new limits.
US politics
fromSFGATE
7 months ago

1 Million Retirees in Missouri Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

The One Big Beautiful Bill Act will eliminate federal income tax on Social Security income for most retirees.
fromSFGATE
7 months ago

700,000 Retirees in Louisiana Qualify for the 'Senior Deduction' Under Big, Beautiful Bill

Under the OBBBA, the tax code now includes a new senior-specific deduction of $6,000 for single filers and $12,000 for married couples filing jointly-if both spouses are 65 or older.
US politics
Public health
fromSFGATE
7 months ago

300,000 Retirees in Idaho Qualify For The 'Senior Deduction' Under Big, Beautiful Bill

Idaho's retirees benefit from a new $6,000 federal tax deduction, shielding most Social Security benefits from federal taxes, effective in 2025.
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