Former President Donald Trump has unveiled a major tax policy shift that’s gaining widespread attention, especially among American seniors. Announced directly through his social media channels, the proposal introduces a new tax deduction aimed specifically at citizens aged 65 and older.
Starting next year, seniors in this age group will be eligible for a $6,000 tax deduction. This is a significant development designed to offer financial relief to retirees, many of whom live on fixed incomes or rely solely on Social Security benefits.