President Donald Trump has revealed a major tax-policy change that’s being welcomed by many older Americans. In a recent announcement, he said that beginning next year, people aged 65 and over will qualify for a $6,000 tax deduction. Married couples where both spouses are 65+ could see a combined deduction of $12,000.

This proposal is part of his 2026 tax plan, which is designed to ease the burden on retirees and help them keep more of their money amid rising costs.

Here’s what you should know:

• The deduction applies to seniors over 65 and is temporary—in effect from 2025 to 2028 under current law.

• Single filers qualify if their income is up to $75,000; married couples must earn up to $150,000 to get the full deduction. Above those amounts it phases out.

• Not every senior will benefit. Low-income retirees who don’t pay federal income tax may see little change.Trump’s message: “America’s seniors built this country — it’s time to give back to them.”
  If you’re 65 or older, this could mean thousands in savings next year. It’s wise to check if you qualify and prepare for the upcoming tax season.