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Tax Deduction, One Big Beautiful Bill

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These 2 Types of Seniors Won't Benefit From President Trump's "One, Big, Beautiful Bill" Tax Deduction

If your income exceeds $150,000 for a single adult or $250,000 for a married couple, you won't qualify for the $6,000 senior deduction. However, you're still eligible to claim your standard deduction and the $2,000 senior deduction that was already in place before the BBB passed.

Are you eligible for the new $6,000 senior tax deduction?

In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

300,000 Retirees in Idaho Qualify For The ‘Senior Deduction’ Under Big, Beautiful Bill

The One Big Beautiful Bill delivers targeted relief to middle-income seniors in a state where rising property taxes.

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What the Big Beautiful Bill Means for You: New IRS Guidelines Break It Down

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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Temporary 'senior bonus' tax deduction offers savings for older Americans. Here's who qualifies

Older Americans can now benefit from a "senior bonus" tax deduction, but it largely depends on their income. SACRAMENTO, ...

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3 Smart Money Moves for Retirees After Trump’s Big Beautiful Bill

Retirees may need to adjust their financial plans in light of changes introduced by the recently passed Big Beautiful Bill ...

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