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.

What To Know About Trump’s ‘No Tax On Tips’ Pledge In The GOP Budget Bill

The proposal has gained bipartisan support from lawmakers, the public, and business groups, especially those in the service industry. However, critics argue it could cost the government billions while offering limited benefits to low-income workers.

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:

IRS Issues New Warning For Taxpayers To Avoid Losing Money, Personal Data

In a just-released statement, the IRS emphasized that scammers operate not only during tax season but year-round. These bad actors often impersonate the IRS and use fear tactics or misinformation to pressure people into revealing personal, financial, or employment details.