You’ve likely heard now that a few weeks ago Congress passed the One Big Beautiful Bill Act, which President Trump signed into law on July 4th.
It’s a huge bill, with sweeping tax implications for individuals, families and businesses. For the next several months I’m going to explain certain changes or new items that have come from this law. These articles will be geared toward Wyoming retirees, but we hope many readers will find them helpful.
This month we’ll start by explaining the new tax deduction available to certain seniors, and clear up some confusion about how this affects taxes paid on Social Security benefits.