President Trump signed his “one great beautiful act” (OBBA) into law, and Americans will see major changes to their finances. The final bill includes the Senior Prize, which helps to compensate for social security taxes, tax benefits for the service industry, and higher children’s tax credit, but will also perform in 2017. The Law on … Read more
President Trump’s wide draft Law on Domestic Policy, which adopted a home on Thursday, provides an increase in $ 6,000 to the standard deduction of seniors from 2025 to 2028. The new temporary tax relief for $ 6,000 and $ 12,000 for couples – 65 years of age and over. This is started gradually for … Read more
President Trump said he would eliminate taxes on social security benefits, but one large beautiful bill (OBBB) would not end this promise. The Senate OBB version would help $ 33.9 million. Seniors, and the White House, will increase the average income after tax-$ 670 per person. The White House says that 88% of social security … Read more