How will the OBBB impact my filing 2025 tax returns next year?
I've been working on the same full-time job since 2016 and started collecting SSB after reaching my FRA a year ago. How will the One Big Beautiful Bill impact my filing the 2025 tax returns next year?
How will the OBBB impact my filing 2025 tax returns next year?
While you are still working and collecting Social Security Benefits, your benefits may still be taxable. What the Big Beautiful Bill has done is given senior citizens an additional $6,000 deduction for seniors for tax years 2025 to 2028 if you are within the adjusted gross income of $75,000 for single and $150,000 for married.
Below is a link to the summary of how the changes are going to impact taxpayers.