FinanceBuzz on MSN

How to claim the new $6,000 'senior bonus' tax deduction before the April deadline

Eligible retirees could lower their federal taxes in 2026 with a new $6,000 senior bonus deduction. Here's how the deduction ...
CNBC

'Big beautiful bill' may help some seniors on Social Security. But it doesn't eliminate taxes on benefits

The "big beautiful bill" includes a $6,000 additional deduction for certain older Americans ages 65 and over. However, the legislation does not end federal income taxes on Social Security benefits.

These 2 bills would erase income taxes for millions of Americans

Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
CNN

Seniors get a tax break in Trump’s megabill, but many will still pay taxes on Social Security benefits. Here’s the real deal

Senior citizens are getting a tax break in President Donald Trump’s sweeping tax and spending cuts package, but it’s not the one the president promised on the campaign trail last year. Congressional ...
Military.com

Here’s When VA Benefits Do and Don’t Count as Income, for Taxes and Otherwise

A veteran rated 100% disabled by the Department of Veterans receives $3,831.00 per month as of December 2025. Over the course of a year, that's $45,972. The IRS doesn't tax a penny of it. VA ...