A new senior bonus deduction for taxpayers aged 65 and older begins with the 2025 tax year. Seniors continue to benefit from a higher standard deduction than younger taxpayers. The combination of new ...

With the federal government $39 trillion in debt and running deficits larger than during the Great Depression, there’s no ...

Social Security is less than seven years from insolvency, at which point the law calls for a 24% across-the-board benefit cut. Yet despite facing large deficits, Social Security now pays the ...

A new senior tax deduction under the One Big Beautiful Bill Act could help about 30 million older Americans lower their ...

As Massachusetts experiences one of its coldest winters in recent years, the Healey-Driscoll Administration is increasing ...

The Social Security Cost of Living Adjustment is critical to helping retirees remain financially secure, or at least as close ...

A major new tax benefit has quietly arrived for millions of older Americans, and many may not even realize it applies to them ...

Some ads are claiming seniors on Medicare can get a food card for groceries. The VERIFY team looked into where those benefits ...

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

How much of your Social Security benefits are taxable depends on your provisional income. This is your adjusted gross income ...

A proposed Social Security "senior bonus" could offer up to a $12,000 deduction for some retirees. Here's who may benefit ...

Michigan workers and retirees will see new tax breaks for tips, overtime and retirement income in 2026. But what do you do on ...