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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 MSN18h
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.
Roughly 2 million Illinois retirees are set to benefit from a new federal deduction that shields most Social Security income ...
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