New ‘bonus’ tax deduction up to $6,000 could be on the way for those age 65 or older

  • Posted on June 18, 2025
  • By Bing News
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New ‘bonus’ tax deduction up to $6,000 could be on the way for those age 65 or older

Both the Senate and House versions of the massive tax bill include a hefty new tax break for people aged 65 or older: A new deduction worth up to $6,000. But there are income limits.
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