News

Doing a Roth conversion in 2025? Here’s how to use Trump’s new $6,000 senior deduction to slash your taxes — but you need to be careful

For seniors across the country, perhaps the most noteworthy aspect of the new bill is the additional deduction for this ...

4 Things President Trump Isn't Telling You About the OBBB's "No Tax on Social Security Benefits"

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
MiBolsilloColombia on MSN21h

Social Security Taxes: Did Trump Keep His 'Zero' Pledge or Is There Fine Print for Seniors?

President Donald Trump pledged 'zero taxes' on Social Security benefits for seniors, claiming fulfillment through the 'One ...

Trump’s big bill offers $6K tax break for seniors — but not everyone gets a cut. Here’s how much you may save

Donald Trump’s big sweeping spending bill included a sweetener for many seniors across America. Individuals over the age of ...
USA Today27d

Trump didn't kill taxes on Social Security, despite what you've heard

A new, temporary "senior bonus" deduction of up to $6,000 will apply to taxpayers ages 65 and older in 2025, 2026, 2027 and 2028. It ends after that without congressional action.

1.2 Million Retirees in Tennessee Qualify For The ‘Senior Deduction’ Under Big, Beautiful Bill

Roughly 1.2 million Tennessee retirees are expected to benefit from a new federal deduction that exempts most Social Security ...
MiBolsilloColombia on MSN4d

The $6,000 senior 'bonus' explained; and why you won't see it in your bank account

A new temporary tax deduction for seniors offers relief, but it’s not a direct cash payment. Knowing the rules is key to ...
FinanceBuzz on MSN5d

The Truth Behind the "Senior $6,000 Bonus" (Not Everyone Will See Lower Taxes)

Find out the truth behind the senior $6,000 Bonus in the Big Beautiful Bill, including who qualifies and how much it could ...