Article Title: $6,000 bonus deduction for older adults among key provisions
Snippet of Article: "$6,000 bonus deduction for older adults among key provisions...Americans ages 65 and older can claim an extra standard deduction ($2,000 for a single filer, $1,600 per qualifying spouse in a couple) on top of the standard deduction available to all taxpayers who don’t itemize. The reconciliation bill adds a 65-plus bonus deduction of $6,000, through the 2028 tax year. ...Unlike the standard deduction, older taxpayers can take this bonus deduction whether they itemize or not.
AARP supported the provision, saying it would help offset the taxes many Social Security recipients owe on their benefit payments. "
Source: www.aarp.org
