$6,000–$12,000 Bonus Tax Deduction for Seniors? Here’s How It Works скачать в хорошем качестве

$6,000–$12,000 Bonus Tax Deduction for Seniors? Here’s How It Works

Learn what the Senior Citizen Bonus Tax Deduction really means for taxpayers age 65 and older. In this episode of The Overnight Edge, Brett Hersh from OvernightAccountant.com explains how the 2025 Big Beautiful Bill created this temporary but valuable deduction — and clears up the confusion about the so-called “no tax on Social Security” rumor. You’ll find out: Who qualifies for the $6,000 (single) or $12,000 (married) deduction How the income phaseout works How it stacks with your standard deduction and senior addition Real examples showing how much taxable income this can erase Why this change might stick around beyond 2028 💡 Perfect for seniors, retirees, and anyone helping older family members plan their 2025 taxes. 0:00 Intro 0:37 Why is SS still taxed? 1:20 Who qualifies for the deduction? 2:56 When does it phase out? 3:50 Practical Examples 7:15 Conclusion? 👉 Subscribe for more quick tax tips, updates, and clear answers from Overnight Accountant.