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 ...
Explícame on MSN6h

Trump's Tax Reform: New Deductions You Can Apply For

The U.S. tax landscape is set for significant changes with the 'One Big Beautiful Bill Act' (OBB), signed by President Donald ...

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.
McKnight's Senior Living3h

What employers need to know about the overtime compensation deduction

Employers are responsible for providing statements for workers to claim federal income tax deductions on overtime compensation.
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 ...