These 2 Types of Seniors Won't Benefit From President Trump's "One, Big, Beautiful Bill" Tax Deduction
If you're a senior, tax time might be a little less painful for you next spring due to the passage of the "big, beautiful bill" (BBB). It made several law changes, including the addition of a new $6,000 tax deduction ($12,000 for married couples) for seniors who meet certain criteria.
Though the White House has tried to sell this as an end to Social Security benefit taxes, it's actually not. You can still qualify for the deduction even if you're not on Social Security. But a couple of things can bar you from claiming it.
Source Fool.com
