Trump's Big, Beautiful Bill offers a $6,000 senior bonus deduction from 2025-28. Couples can save $12,000. Retirees with ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

Example for an Individual . Say you’re an individual taxpayer who received about $18,000 from the Social Security Administration (SSA) last year. You also had $20,000 in other income. Add the ...