Jul 3, 2025

Congress sending Trump's 'big, beautiful bill' to his desk after dramatic all-night House vote

'Congressional Republicans have met Trump's ambitious July 4 deadline...Congress sending Trump's 'big, beautiful bill' to his desk after dramatic all-night House vote" on Thursday afternoon after back-to-back sleepless sessions for both the House and Senate. The massive agenda bill now goes to Trump’s desk to be signed into law just in time for Republicans’ self-imposed Fourth of July deadline. ...'

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$6,000 bonus deduction for older adults among key provisions ($2,000 for a single filer, $1,600 per qualifying spouse in a couple)

'...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. Join AARP’s Fight to Protect Older Americans. Unlike the standard deduction, older taxpayers can take this bonus deduction whether they itemize or not. ...'

Reference: www.aarp.org
Tags: $6000 bonus deduction for older adults among key provisions ($2000 for a single filer $1600 per qualifying spouse in a couple)