Latest News and Articles about Senior Deduction

Senate’s $6,000 Tax Break for Seniors: A Fiat Band-Aid in a Crumbling System The Senate has rolled out a draft of the so-called Big Beautiful Bill, dangling a hefty $6,000 tax deduction for seniors aged 65 and older. It’s a bigger carrot than the House’s $4,000 cap, but with tighter strings and a glaring omission […]