👴👵 AARP Backs Bill to Reduce Tax Burden for Seniors (AARP Article)

FROM THE ARTICLE:

Legislation to Reduce Tax Burden on Older Americans.

Bill would boost deductions for those ages 65+, helping offset Social Security income taxes.

By Emily Paulin, AARP. Published May 05, 2025.

Americans age, they often find themselves living on fixed incomes while facing rising costs for housing, health care, food and utilities. For many, it’s a struggle to make ends meet.

That’s why AARP is endorsing new federal legislation that would provide financial relief to older Americans by increasing the additional standard deduction for taxpayers ages 65 and older. The increases would offset some — or even all — of the federal income tax charged on Social Security benefits.

USE LINK BELOW TO READ THE ARTICLE: https://www.aarp.org/politics-society/advocacy/info-2025/tax-burden-bill.html