Latest News
The New $6,000 deduction in the “Big Beautiful Bill” does not reduce your AGI. - MSN.com
The “Big Beautiful Bill” (BBB) recently passed in Congress includes an additional $6,000 tax deduction for people 65 and older, $12,000 for married. While this new bill may reduce your tax liability, it does not reduce your adjusted gross income (AGI). Diego Perez Morales offers some insights on what the new deduction does and doesn’t do in the following article that you can read here …
The link provided above connects readers to the full content of the posted article. The URL (Internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.