Social Security retirees get a new tax break in 2025. Here’s how to plan for it

Quick Read The OBBBA creates a $6,000 annual deduction for taxpayers 65 and over starting in 2025. The deduction phases out for income above $75,000 (single) or $150,000 (joint). The tax break expires in 2028, so retirees should make the most of it. ...