What to know about the $6,000 ‘senior deduction’ in GOP megabill

What to know about the $6,000 ‘senior deduction’ in GOP megabill

The Senate’s version of the “big, beautiful bill,” passed on Tuesday, includes a $6,000 tax deduction for Americans 65 or older. The provision does not entirely end taxes on Social Security, but it would zero out the Social Security tax burden for 88 percent of seniors, according to an estimate by President Trump’s Council of…

‘Senior bonus’ explained: What Trump's budget bill means for Social Security taxes

The "Big Beautiful Bill" could give seniors earning under $75K a tax break of up to $6,000. Here's what we know.

Trump says the Republican mega bill will eliminate taxes on Social Security. It does not

At best, Trump's "no tax on Social Security" claim exaggerates the benefits to seniors if either the House or Senate-passed proposals is signed into law.

Trump keeps saying the GOP mega bill will eliminate taxes on Social Security. It does not

President Donald Trump keeps saying that Republicans’ mega tax and spending cut legislation will eliminate taxes on federal Social Security benefits. It does not.

Senate Budget Bill Ups ‘Senior Bonus’ Tax Deduction to $6,000

The Senate version of the “One Big Beautiful” budget bill includes a larger “senior bonus” tax deduction of $6,000 for seniors 65 and older ($12,000 for married seniors) beginning in 2025, an increase over the version from the House of Representatives, which featured a $4,000 deduction.  This deduction is in addition to the standard deduction and additional deductions for seniors under current law. The bill also permanently extends the standard …

GOP tax bill includes a $6,000 ‘senior deduction.’ Here’s who qualifies.

The provision emerged from President Donald Trump’s campaign pledge to end taxes on Social Security. But experts say many are excluded.