The IRS is rolling out significant tax form changes impacting seniors over 65. These updates aim to ease the financial burden on this demographic by introducing new deduction opportunities.

The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the number of seniors who won't pay taxes on Social Security to 88 percent.

The proposal, called the You Earn It, You Keep It Act, would eliminate federal taxes on Social Security income.

Now, Sen. Ruben Gallego, D-Arizona, introduced a bill on Thursday — titled the You Earn It, You Keep it Act — to eliminate ...

President Donald Trump touted his administration's Social Security program achievements amid Democratic criticism, highlighting zero taxes for most seniors and improved customer service.

The One Big, Beautiful Bill (OBBB) added a new $6,000 senior tax deduction. This will help many -- but not all -- seniors on Social Security save money on taxes. It's a far cry from the savings ...

President Donald Trump signed a bill that includes a tax deduction for seniors, but not the elimination of taxes on Social Security benefits. The deduction is temporary, lasting only through 2028 ...

President Trump defends Social Security program achievements amid Democratic criticism, highlighting zero taxes for most seniors and improved customer service ...

Conversely, Social Security recipients who are younger than 65 will not benefit from the deduction but would have received a tax break had taxes on benefits been eliminated.

President Trump defends Social Security program achievements amid Democratic criticism, highlighting zero taxes for most seniors and improved customer service ...

President Donald Trump signed a proclamation Thursday honoring the 90th anniversary of the Social Security Act of 1935.