Americans aged 65 and older will receive a significant new tax break under the sweeping tax legislation signed into law by President Donald Trump . The law introduces a bonus deduction worth up to $6,000 per eligible taxpayer — or $12,000 for married couples filing jointly if both spouses are 65 or older — offering seniors a potentially substantial reduction in their taxable income . Tax break The new deduction takes effect for the 2025 tax year and can be claimed on returns filed in 2026.

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