Tax changes for 2026 offer new ways for individuals ages 65 and over to plan financially. That is largely due to a new temporary senior "bonus" or deduction of up to $6,000 per qualifying individual that was enacted when President Donald Trump signed the "big beautiful bill" package into law last July. A married couple filing jointly could qualify for a deduction of up to $12,000. The $6,000 senior deduction is in effect from tax years 2025 through 2028. It applies to taxpayers 65 and over,

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