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Explícame on MSNTrump's Tax Reform: New Deductions You Can Apply For
The U.S. tax landscape is set for significant changes with the 'One Big Beautiful Bill Act' (OBB), signed by President Donald ...
For seniors across the country, perhaps the most noteworthy aspect of the new bill is the additional deduction for this ...
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4 Things President Trump Isn't Telling You About the OBBB's "No Tax on Social Security Benefits"
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Seniors can currently claim a standard deduction of $15,000 (or $30,000 for couples), plus an additional senior-specific deduction of $2,000 (or $3,600 for couples).
A new, temporary "senior bonus" deduction of up to $6,000 will apply to taxpayers ages 65 and older in 2025, 2026, 2027 and 2028. It ends after that without congressional action.
New federal law could save Mississippi retirees thousands in taxes — but the benefit is set to expire in 2028.
Roughly 1.2 million Tennessee retirees are expected to benefit from a new federal deduction that exempts most Social Security ...
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MiBolsilloColombia on MSNThe $6,000 senior 'bonus' explained; and why you won't see it in your bank account
A new temporary tax deduction for seniors offers relief, but it’s not a direct cash payment. Knowing the rules is key to ...
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