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A $6,000 senior tax break is drawing praise and criticism as experts warn of solvency risks while officials highlight modernization.
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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 ...
The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in ...
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.” ...
The staggered nature of President Donald Trump’s One, Big, Beautiful Bill Act means its full impact will not be seen for ...
The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.