Seniors risk losing a temporary $6,000 tax deduction under the OBBBA if their income exceeds strict eligibility limits.

The deduction reduces at a rate of 6% of the amount exceeding the threshold. For instance, a single filer with a MAGI of ...

As election season kicks off in earnest and the Springfield veto session hurtles to its conclusion, Cook County Board ...

A new $6,000 senior tax deduction has been hailed as long-overdue relief for older Americans feeling squeezed by rising costs. After years of grappling with growing property tax bills, soaring ...

Discover senior living expenses that may qualify for tax deductions. Learn how to reduce your taxable income and save money ...

Some Americans ages 65 and over are poised to see additional tax relief under Republicans' "big beautiful" bill. Now that the Senate and House have both passed their versions of the tax and spending ...

QUESTION: Are caregiving expenses tax-deductible? I provide a lot of financial support to my elderly mother and would like to find out if I can write any of it off on my taxes. ANSWER: Several tax ...

BALDWIN COUNTY, Ala. (WKRG) — We’re months away from tax season, but Gulf Coast seniors are working to help more people file this year. Members of the Area Agency on Aging are holding volunteer ...

County Mayor Weston Wamp said Monday that "it was disappointing to see the most left-wing county commissioner use a commission meeting to mislead senior citizens about property taxes." Commissioner ...

But the reality is more complicated. Not all seniors will qualify for the deduction, and those most at risk of losing their homes—lower-income seniors and those with little taxable income—might see no ...