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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.
Trump Signs ‘Big Beautiful Bill’ With Major Tax Breaks For US Chipmakers
US President Donald Trump’s “Big Beautiful Bill” was signed into law on July 4. While it didn’t impose a moratorium on state-level artificial intelligence laws as anticipated, it did include a substantial 35% tax credit for semiconductor manufacturers.
Big Beautiful Bill 101: What you need to know about the new law
In the classic Schoolhouse Rock song “I’m Just a Bill,” the bill laments the prospect of waiting with other bills, hoping to become a law. But President Donald Trump’s “Big Beautiful Bill” didn’t have to wait—it sped through Congress in recent days and landed on his desk in time for him to sign it into law by his July 4 deadline.
The legislation allows millions of tipped workers to deduct part of their tip income from federal taxes. At the Country ...
Planned Parenthood filed a lawsuit against the Trump admin, challenging a provision in the president's domestic policy ...
Californians will be able to deduct more of their state and local taxes on their federal income tax returns thanks to the Big ...
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The changes won’t happen all at once. Here’s when Americans can expect key provisions of the GOP tax and spending bill to go ...
The Social Security Administration sent a misleading email to benefit recipients and other Americans last week about the ...
He followed the playbook that had marked his life in business before politics. He focused on branding — labeling the ...
Anyone who has been on the fence about solar energy still has some time to take advantage before the cuts are official at the ...
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Minnesota Gov. Tim Walz says he wants to “strike a proper balance” of keeping the State Capitol open to the public while also ...
The central ideas in the law — cutting taxes for the wealthy while slashing health and food aid for the poor and pouring ...
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