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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 ...
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 ...
“Yes, it is a big, beautiful bill — but the tax digest next year says ... highlighted provisions increasing the child tax ...
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 ...
What are pass-through entity taxes, how have they changed, and why is planning in this space important for some types of businesses? We checked in with three local attorneys to find out.
The One Big Beautiful Bill (OBBB), signed into law on July 4, 2025, prevented a large, scheduled tax hike from hitting ...
The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...
Libertarians who say that certain tax deductions and credits are loopholes that need to be closed argue that these loopholes distort the tax code, are inefficient, subsidize high-income taxpayers, ...
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.
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