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Doing a Roth conversion in 2025? Here’s how to use Trump’s new $6,000 senior deduction to slash your taxes — but you need to be careful

For seniors across the country, perhaps the most noteworthy aspect of the new bill is the additional deduction for this ...

What the Big Beautiful Bill Means for You: New IRS Guidelines Break It Down

The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in ...
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Social Security Taxes: Did Trump Keep His 'Zero' Pledge or Is There Fine Print for Seniors?

President Donald Trump pledged 'zero taxes' on Social Security benefits for seniors, claiming fulfillment through the 'One ...
USA Today27d

Trump didn't kill taxes on Social Security, despite what you've heard

A new, temporary "senior bonus" deduction of up to $6,000 will apply to taxpayers ages 65 and older in 2025, 2026, 2027 and 2028. It ends after that without congressional action.

1.2 Million Retirees in Tennessee Qualify For The ‘Senior Deduction’ Under Big, Beautiful Bill

Roughly 1.2 million Tennessee retirees are expected to benefit from a new federal deduction that exempts most Social Security ...
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The $6,000 senior 'bonus' explained; and why you won't see it in your bank account

A new temporary tax deduction for seniors offers relief, but it’s not a direct cash payment. Knowing the rules is key to ...
FinanceBuzz on MSN4d

The Truth Behind the "Senior $6,000 Bonus" (Not Everyone Will See Lower Taxes)

Find out the truth behind the senior $6,000 Bonus in the Big Beautiful Bill, including who qualifies and how much it could ...