Tax deductions
Trump is giving seniors (weare74&76) a 6000$ tax deduction… what is this and can I get it ? Thank you and Have a great day !
Terry Says
When you file your tax return next year, you’ll each get a $6,000 additional deduction. But if you don’t owe taxes, you won’t get the deduction. Here are the details:
Effective for 2025 through 2028, individuals who are age 65 and older may claim an additional deduction of $6,000. This new deduction is in addition to the current additional standard deduction for seniors under existing law.
The $6,000 senior deduction is per eligible individual (i.e., $12,000 total for a married couple where both spouses qualify).
Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers).
