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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 ...
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 ...
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.” ...
Roughly 600,000 retirees in Oklahoma are expected to benefit from a new federal deduction that exempts most Social Security ...
The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.
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