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If your income exceeds $150,000 for a single adult or $250,000 for a married couple, you won't qualify for the $6,000 senior ...
The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.
The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in ...
The Sacramento Bee on MSN1 lá

Trump Announces Senior Tax Deduction

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and ...
Key Takeaways The One Big Beautiful Bill Act includes a $6,000 bonus deduction for those age 65 or older. The White House has announced the bill means “no tax on Social Security.” ...
In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
Roughly 1 million South Carolina retirees are expected to benefit from a new federal deduction that exempts most Social ...
The One Big Beautiful Bill targets middle-income seniors, offering timely relief in a state with rising property taxes and ...
Roughly 100,000 Wyoming retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...
Roughly 400,000 New Mexico retirees are expected to benefit from a new federal deduction that exempts most Social Security ...
Roughly 4 million Texas retirees are expected to benefit from a new federal deduction that eliminates taxes on most Social ...
Roughly 1.8 million Georgia retirees are set to gain from the new federal senior deduction, which exempts most Social ...