Former President Trump announced a new tax break that could help millions of Americans aged 65 and older. Starting next year, seniors may qualify for a $6,000 deduction, while married couples over 65 could claim $12,000.
Part of Trump’s 2026 tax plan, the move aims to let retirees keep more of their hard-earned money amid rising costs and inflation. Critics are questioning the long-term impact, but supporters see it as a win for seniors.
Trump said, “America’s seniors built this country — it’s time we give back to them.” Eligible retirees could save thousands next year as the plan moves through Congress.
