Trump Tax Changes: Experts Issue Advice to 2026 Filers

Trump Tax Changes: Experts Issue Advice to 2026 Filers

highlighted the new benefits for older taxpayers: “Starting in 2025, taxpayers who are 65 or older may claim an extra $6,000 deduction per year—an extra $12,000 if you file a joint tax return with your spouse and you are both 65 or older.”

Only older taxpayers who fall within specific income ranges can receive the full $6,000 benefit. The maximum deduction is available to individuals with modified adjusted gross income of $75,000 or less

Ref: www.newsweek.com