Your fact-checks will appear here
The 2026 standard deduction and a new senior deduction will materially reduce how much of many retirees’ Social Security benefits are taxable: the standard deduction rises to $16,100 for single filers...
A new additional standard deduction for taxpayers 65 and older — roughly $6,000 per individual (so up to $12,000 for married couples filing jointly) — is in effect for tax years beginning 2025 and wil...
Changes to the standard deduction for 2026 raise the single standard deduction to $16,100 and joint to $32,200, and the One Big Beautiful Bill also created an extra standard deduction for taxpayers 65...
Supply-chain disruptions that began with the COVID-19 pandemic were a major contributor to the spike in U.S. inflation that peaked in mid‑2022, especially for goods like autos, appliances and furnitur...
Higher standard deductions and a new senior-specific deduction for 2026 will reduce many retirees’ taxable income and could cut the share of seniors paying federal tax on Social Security from 64% to 8...