#federal-tax-policy

[ follow ]
US politics
fromSFGATE
1 week ago

100,000 Retirees in Vermont Qualify For The 'Senior Deduction' Under Big, Beautiful Bill

Most Social Security recipients will no longer owe federal income tax due to a new senior deduction, benefitting about 100,000 Vermont seniors.
California
fromSFGATE
2 weeks ago

6 Million Retirees in California Qualify For The 'Senior Deduction' Under Big, Beautiful Bill

Seniors in California will benefit significantly from a new tax exemption on Social Security income starting in 2026.
fromwww.mercurynews.com
1 month ago

Who will and won't benefit from the bigger SALT deduction

Increased SALT deduction cap to $40,000 for 2025 with annual adjustments provides a more generous tax benefit to some federal income tax filers.
fromSFGATE
1 month ago

12.5% of Homeowners in Illinois Will Face a Hidden Home Equity Tax If They Sell

Homeowners in Illinois face hidden home equity taxes due to outdated capital gains exclusions, affecting over 1 in 8 sellers amid rising home values.
[ Load more ]