Retired, or will be soon? How Trump's megabill could impact you
(NEXSTAR) — Within the almost 900 pages of the "megabill" President Donald Trump signed last week are provisions that will impact parents and guardians, those with student loans, and over 200 people dubbed American heroes.
But there's another sizeable group of Americans who can expect to see changes due to Trump's bill: seniors.
One of the biggest benefits for those who are 65 or older is the $6,000 tax deduction, which runs through 2028. The maximum deduction applies to seniors making up to $75,000 individually or $150,000 for those filing jointly. The higher the income, the lower the deduction, until it is phased out for those earning $175,000 individiually or $250,000 jointly.
© The Hill
