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Aug 06, 2026

Seniors Set To Receive Big Tax Relief Thanks to Trump, GOP

The first major piece of legislation the GOP congressional majority passed and President Donald Trump signed last year, during his first months back in office, was a bill to make their 2017 tax cuts permanent.

Every Democrat voted against the measure even though the cuts benefited the vast majority of Americans.

Now, the administration is touting another benefit for Americans 65 and older ahead of next year’s tax filing deadline.

A significant, though temporary, tax change for older Americans comes in the form of a new benefit known as the “senior bonus deduction.”

Included in the 2025 tax legislation, the provision is intended to provide additional tax relief for retirees and older taxpayers.

While the concept of a new deduction may seem straightforward, it has raised questions about who qualifies and how the deduction is applied, the Kiplinger Letter noted this week.

For example, taxpayers who are 65 or older and typically itemize their deductions may wonder if they can also benefit from the new senior bonus deduction.

Fortunately, the new deduction is highly flexible, noted the outlet.

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