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The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in ...
In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
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 Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.
Roughly 100,000 Alaskan retirees stand to gain from the new federal senior tax deduction, which exempts most Social Security income starting in 2026. With high living costs and rural challenges, ...
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