$6,000 Senior Tax Deduction Explained- Potential Impact On Americans Over 65
The new $6,000 senior tax deduction is set to provide meaningful tax relief for millions of Americans aged 65 and older starting with the 2025 tax year. Designed to ease financial pressure caused by rising healthcare and living costs, this deduction directly reduces taxable income, potentially increasing refunds or lowering tax bills for retirees. The … Read more