Seniors 65+ Just Got a HUGE Tax Surprise
Former President Donald Trump has proposed a new tax deduction aimed at seniors,
drawing attention as many retirees face “fixed incomes, rising costs, and shrinking savings.”
Under the plan, Americans “65 and above would be eligible for a $6,000 tax deduction beginning in 2025,”
with married couples able to claim “$12,000.” Because it stacks on top of the standard deduction,
some retirees could see “most — if not all — of their income shielded from federal taxes.”
Supporters say the proposal offers “breathing room and peace of mind”
for seniors coping with medical and living expenses. However, the deduction is
“temporary — currently proposed for tax years 2025 through 2028”
and includes income limits, meaning “wealthier retirees…may see reduced benefits or none at all.”
Overall, it is framed as meaningful relief during “a vulnerable stage of life.”
