The deduction is available beginning in the 2025 tax year and applies to taxpayers who meet two main criteria: Age: Must be 65 or older during the taxable year. Income: Must have Modified Adjusted Gr...

The legislation also includes steep cuts to social spending, specifically across programs like food assistance and Medicaid which could lead to as many as 7.6 million people losing health insurance o...

The Big, Beautiful Bill injects $200 billion into the Social Security trust fund and another $150 billion into Medicare reserves.