Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

Older Americans are heading into tax season with a rare piece of good news: a fresh $6,000 deduction designed to shrink how much of their Social Security ends up taxed. The new break, created as part ...