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[Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
For seniors over 65 social security can still be taxable but new tax deductions will apply.
For 2025, the total standard plus bonus deduction for those age 65 and older is $21,750 for a single person and $46,700 for a married couple filing a joint return. However, income thresholds apply. While the taxable portion is added to your total income your adjusted gross income will be much lower resulting in lower tax liabiliy.
Wednesday
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