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The One Big Beautiful Bill Act did not change the rules for taxing Social Security benefits, but it did create a new deduction for seniors that could help reduce their tax burden.
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Health savings accounts help manage short- and long-term health-care costs, while offering significant tax advantages.
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A new tiered tax rate on the endowments of wealthy colleges and universities could affect spending on financial aid, research, and other college programs.
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Consumers and investors might want to consider how the depreciating dollar could impact the economy and their own finances.