New Deductions for Seniors?

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The amounts are still gonna be inflation adjusted, but if you’re a senior over age 65, there’s gonna be an additional standard deduction of $6,000 for senior. So seniors that are filing as a single taxpayer and $12,000 if you’re filing as a married filing, you know, joint couple where you’re both over the age of 65.

The original, you know, intent was, you know, no tax on social security that did not make it into the one big beautiful bill. So this is a deduction that kind of offset some of the tax, you know, treatment of the social security benefits that are still in play, uh, that never do that, that remains the same, the taxability of social.

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