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In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
The One Big Beautiful Bill delivers targeted relief to middle-income seniors in a state where rising property taxes.
The One Big Beautiful Bill targets middle-income seniors, offering timely relief in a state with rising property taxes and ...
Roughly 2 million Illinois retirees are set to benefit from a new federal deduction that shields most Social Security income ...
Roughly 2.1 million retirees in Ohio are expected to benefit from a new federal deduction that exempts most Social Security ...
Roughly 400,000 New Mexico retirees are expected to benefit from a new federal deduction that exempts most Social Security ...
Roughly 1.7 million Michigan retirees are expected to benefit from a new federal deduction that exempts most Social Security ...
The Sacramento Bee on MSN1d

Trump Announces Senior Tax Deduction

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and ...
The passage of the One Big Beautiful Bill Act has many excited for extensions from the 2017 Tax Cuts and Jobs Act legislation ...
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.” ...