A new proposal could let seniors exclude up to $1 million in capital gains from home sales. Learn what to expect if the Nest Egg Protection Act becomes law, including how it may affect retirement plans, home sales, and taxes.
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$1M Capital Gains Exclusion for Seniors: What to Expect If the New Tax Proposal Passes
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No Tax on Restored Benefits Act: Keep Your Social Security Back Pay
Millions of retirees could face surprise taxes on Social Security back pay from past years. The No Tax on Restored Benefits Act aims to fix this by excluding retroactive payments from taxable income. If passed, retirees would keep more of their restored benefits without worrying about large tax bills. This law could make retirement more secure and fair for those affected.
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