New tax deduction could put more money back in seniors’ pockets this year

Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and middle-income retirees facing rising costs.

Original Source:

https://www.foxbusiness.com/economy/new-tax-deduction-could-put-more-money-back-seniors-pockets-year

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New tax deduction could put more money back in seniors’ pockets this year