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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 ...
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 ...
In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.
Around 900,000 Colorado retirees will see their Social Security income exempt from federal taxes starting in 2026 under Trump ...