Tag Archive for: president trump administration

New Tax Break Could Give Seniors Up To $6,000 More In Deductions

Americans who are 65 and older will enjoy a hefty new tax break if the massive tax package currently being debated in Congress becomes law,

Seniors May Soon Get A Larger Income Tax Deduction

This proposed benefit, dubbed the “senior bonus,” is part of the One Big Beautiful Bill Act, which was passed by the House in late May. Its goal is to help ease financial strain on retirees—particularly those with moderate incomes.

Eight HSA Changes In The ‘One Big Beautiful Bill’ Could Benefit Retirement Savers

HSAs are getting a glow-up in the pending tax bill. Those 55+ and workers enrolled in Medicare Part A have more opportunity to save for medical costs in retirement.

Five Expiring Tax Breaks That Trump’s New Bill Would Extend — If Not Increase

House Republicans recently introduced a draft bill on May 12, nicknamed “The One, Big, Beautiful Bill,” aimed at renewing and enhancing several provisions from the 2017 Tax Cuts and Jobs Act. Here are five key tax breaks that could stick around — and get a boost — under the new legislation:

Trump’s 2025 Tax Plans: Experts Weigh In On What Could Happen

Several of Trump’s tax plan proposals could bring drastic shifts to the current tax structure. Here are six predictions from some of the country’s top tax experts and economists on what could lie ahead.

Eight Groups Who Can Expect New Tax Breaks Under Trump

Donald Trump’s biggest campaign promises included extending the tax law he signed in 2017, which lowered many Americans’ income taxes. But he also promised to “pursue additional tax cuts” if elected. Now that he’s headed back to the White House, you might be wondering — even if you didn’t vote for him — whether you stand to benefit from those new tax breaks.