A new tax break for older Americans, called the “senior bonus,” is now in effect for tax years 2025 through 2028. The measure, signed into law by President Donald Trump, gives taxpayers aged 65 and older an additional standard deduction worth up to $6,000. Eligibility depends on income, with the deduction phasing out above $75,000 for individuals and $150,000 for couples, disappearing entirely at $175,000 and $250,000 respectively. Financial experts say the goal is to help retirees stretch their savings, though Social Security taxes remain unchanged.

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