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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 IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in ...
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Trump Announces Senior Tax Deduction
President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and ...
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This new tax deduction in Trump’s ‘big, beautiful bill’ lets ...
President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act ...
Key Takeaways 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.” ...
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