The deduction reduces at a rate of 6% of the amount exceeding the threshold. For instance, a single filer with a MAGI of ...

A new $6,000 senior tax deduction has been hailed as long-overdue relief for older Americans feeling squeezed by rising costs. After years of grappling with growing property tax bills, soaring ...

Now that the Senate and House have both passed their versions of the tax and spending bill, it is up to President Donald Trump to sign it into law, including a new temporary deduction — called a ...

The Internal Revenue Service (IRS) released its new tax brackets and rates for the upcoming tax filing year. Yahoo Finance ...

Q. My neighbor recently told me about something called the senior freeze. He said his real estate tax bill is much lower than his neighbor’s bills because of this. What is the senior freeze and how do ...

With recent tax law changes, it's time to be informed and make decisions that protect your wealth and legacy of generosity ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

But the reality is more complicated. Not all seniors will qualify for the deduction, and those most at risk of losing their homes—lower-income seniors and those with little taxable income—might see no ...