A $6,000 senior tax break is drawing praise and criticism as experts warn of solvency risks while officials highlight ...

The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and ...

In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

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Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.