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Are you 65 or older? There is a new tax break for you on your 2025 Tax Return. - Kiplinger.com
Your Social Security Benefits may still be taxable on your 2025 tax return. However, there is a new $6,000 additional standard deduction available to people 65 or older, which was included in the Big Beautiful Bill. You may claim this deduction even if you itemize on your tax return.
Michael Greenlund wrote an article that discusses when your Social Security benefits become taxable. In addition to the new deduction, the standard deduction for all taxpayers has increased. Nearly 90% of all taxpayers use this. The additional standard deduction for someone 65 or older has also increased. It is always recommended that if you are unsure how to apply these deductions, you should consult with a tax advisor. Your personal income will determine how much these deductions will help you. If your only income is Social Security, you most likely won’t have to pay taxes on it. Click here … to read the full article.
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