A New ‘Senior Bonus’ Could Give Older Adults a $4,000 Tax Break. Here’s Who Would Qualify
President Trump campaigned on a pledge to eliminate taxes on Social Security — but this isn’t that.
The bonus tax deduction could help lower and middle-income seniors.
A Republican tax proposal could give people age 65 and older an additional deduction of $4,000 in a “senior bonus” that would ease the tax burden on older adults — although it would not end taxes on Social Security, which President Trump campaigned on. Follow link to read more from MarketWatch. https://www.marketwatch.com/story/a-new-senior-bonus-could-give-older-adults-a-4-000-tax-break-heres-who-would-qualify-327a6cba?mod=home_ln