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Seniors who receive Social Security benefits to get a 'bonus' tax deduction — key details
The bonus reduction will add $670 to the after-tax income of seniors on average.
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.
Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. DNY59 / Getty Images The 2026 ...
Learn why Social Security or SSI payments may arrive early this February, and what steps to take if your benefits don't show up on time or are delayed.
Here's when Social Security and SSI checks arrive for February, how much benefits have risen and what new tax and repayment ...
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Social Security benefits are still taxed in some states. Why there's a push to change that
President Donald Trump has touted "no tax on Social Security" with the addition of a new senior deduction. Some states still ...
Are you one of the 74.8 million Americans receiving Supplemental Security Income (SSI) and/or Social Security benefits? If so, that monthly benefit is probably essential to your budget, which means ...
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