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What to know about the $6,000 ‘senior deduction’ in GOP megabill
The Senate’s version of the “big, beautiful bill,” passed on Tuesday, includes a $6,000 tax deduction for Americans 65 or ...
GOP tax bill includes a $6,000 ‘senior deduction.’ Here’s who qualifies.
The provision emerged from President Donald Trump’s campaign pledge to end taxes on Social Security. But experts say many are ...
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Seniors will have a 'bonus' thanks to the SALT deduction
The Republican tax reform under President Trump introduces significant changes, including a 'senior bonus' and adjustments to ...
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IRS no longer allows moving expense deduction under new law
Under the new 'One Big Beautiful Bill,' the IRS is permanently ending the moving expense deduction for most taxpayers after ...
New ‘bonus’ tax deduction up to $6,000 could be on the way for those age 65 or older
Both the Senate and House versions of the massive tax bill include a hefty new tax break for people aged 65 or older: A new deduction worth up to $6,000. But there are income limits.