Richard Johnson discusses why some claim Social Security benefits early SummaryRichard Johnson, a senior fellow for the Tax and Income Supports Division at the Urban Institute, spoke on NightSide News about how more people are claiming their Social Security benefits before full retirement age.
Andrew Rumbach explains flood-prone areas are often the most-affordable land SummaryFollowing devastating flooding in Central Texas, experts are assessing decisionmaking around development policies in disaster-prone areas.
Laurie Goodman explains why it’s currently cheaper to rent than buy a home SummaryMore people than ever are renting homes, partly because increased apartment construction in some areas of the country has caused an overall reduction in the median asking rent, and partly because homebuying costs are so high.
Howard Gleckman discusses the One Big Beautiful Bill Act’s effects on Social Security benefits SummaryIn an emailed announcement praising the passage of the One Big Beautiful Bill Act, the Social Security Administration says the legislation will eliminate federal income tax on Social Security benefits, but the enhanced deduction actually reduces households’ taxes based on overall income.
Howard Gleckman discusses the One Big Beautiful Bill Act’s senior tax deduction SummaryThe One Big Beautiful Bill Act includes a new tax deduction for Americans ages 65 and older, but the benefits will vary based on their income and filing status.
Joseph Rosenberg on the tax cuts in the One Big Beautiful Bill Act SummaryFor Americans with low incomes, reduced spending on safety net protections in the One Big Beautiful Bill Act may offset potential savings from the bill’s tax cuts, leading to a disproportionate benefit for some.