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