Tax break for seniors: Trump bill includes additional $6,000 deduction

Tax break for seniors: Trump bill includes additional $6,000 deduction

Article Excerpt: "...President Trump’s sweeping domestic policy bill that passed the House on Thursday provides a $6,000 boost to senior citizens’ standard deduction from 2025 through 2028.

The new temporary tax break — $6,000 for individuals and $12,000 for couples — is for tax filers age 65 and older. It starts phasing out for those who earn over $75,000 ($150,000 for couples). ..."

Resource: finance.yahoo.com

Note: Low Income seniors ALREADY do not pat Tax on Social Security, It's About time Lower Middle Class Get a Tax Break on Social Security,

Social Security Applauds Passage of Legislation Providing Historic Tax Relief for Seniors

Social Security Applauds Passage of Legislation Providing Historic Tax Relief for Seniors

Article Excerpt: "The Social Security Administration (SSA) is celebrating the passage of the One Big, Beautiful Bill...The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits...Additionally, it provides an enhanced deduction for taxpayers aged 65 and older, ensuring that retirees can keep more of what they have earned."

Resource: blog.ssa.gov

90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits