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Does the "big, beautiful bill" eliminate taxes on Social Security?
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire at the end of 2028.
Congress Changes the FDII Deduction in the One Big Beautiful Bill
Congress made a number of changes in the One Big Beautiful Bill Act (H.R. 1), signed into law on July 4, 2025, impacting the Foreign-Derived Intangible Income (FDII) deduction in Section 250. Click here for a link to a version of section 250 with changes redlined.
WASHINGTON — President Donald Trump signed the “ Big, Beautiful Bill ” into law Friday, triggering a countdown to cuts that ...
A judge has temporarily prevented President Donald Trump from revoking Medicaid funding for Planned Parenthood, after both ...
In Massachusetts, legislation is in the works to end the taxes on overtime and tip, with language that is slightly different ...
The Cool Down on MSN3h
Energy stocks spike after Senate removes regressive tax from 'Big Beautiful Bill' — here's what you need to know as it passes the HouseClean-energy stocks spiked after the Senate-passed version of the One Big Beautiful Bill Act dropped a controversial tax on ...
Washington — President Trump brought pomp and circumstance to his signing of the " big, beautiful bill " on Friday, with an ...
While the law is not a bad one as the Democrats preach it to be, there will always be a divergent opinion, especially ...
Larry Summers said the bill likely would not make the economy stronger, and flagged concerned over the amount it would add to ...
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