The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.

Before you decide on old or new tax regime, it’s important to know how deductions differ. The right choice could help reduce your taxable income and overall tax burden.

Roughly 100,000 Wyoming retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...

Roughly 400,000 Utah retirees are expected to gain from a new federal tax deduction that eliminates Social Security income ...

Perhaps the most noteworthy aspect of the OBBB is the new deduction for seniors across America. Taxpayers who are 65 or older ...