The bill proposes a new $6,000 per-person tax deduction for seniors. The maximum deduction starts phasing down once income surpasses $75,000 per person, or $150,000 for joint filers. Then it phases out completely once income crosses $175,000 per person or $250,000 per couple.

The Senate passed President Donald Trump’s signature tax-and-spending legislation on a party-line vote that marks the largest overhaul to the tax code since 2017.