Seniors risk losing a temporary $6,000 tax deduction under the OBBBA if their income exceeds strict eligibility limits.
As election season kicks off in earnest and the Springfield veto session hurtles to its conclusion, Cook County Board ...
Discover senior living expenses that may qualify for tax deductions. Learn how to reduce your taxable income and save money ...
A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...
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 ...
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 ...
Illinois lawmakers passed legislation expanding eligibility for senior property tax breaks and moving the due date back one month for spring Cook County property tax bills.