Thursday, July 3, 2025

House passes Big Beautiful Bill Act, sending it to Trump after bruising struggle

Title: House passes Big Beautiful Bill Act, sending it to Trump after bruising struggle

Article Snip: "The GOP-led House passed the One Big Beautiful Bill Act... House Speaker Mike Johnson griped that he was “not happy with what the Senate did to our product.” ..."

Reference: nypost.com
The GOP-led House passed the One Big Beautiful Bill Act,Trump Wins,Trump Agenda,






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

$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)