News
The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in ...
The Sacramento Bee on MSN20h
Trump Announces Senior Tax Deduction
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.
The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.
Republicans' "big beautiful" bill includes a provision to help offset those levies. Here's how the new deduction, called a "senior bonus" in the legislative text, would work.
The "big beautiful bill" includes a $6,000 additional deduction for certain older Americans ages 65 and over. However, the legislation does not end federal income taxes on Social Security ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results