NEW $6000 Senior Tax Deduction Explained & Your Questions Answered

29/08/2025 3 min Temporada 6 Episodio 23
NEW $6000 Senior Tax Deduction Explained & Your Questions Answered

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Episode Synopsis

Are you 65 or older? The new 2025 tax bill (OBBBA) introduces a $6,000 bonus deduction — up to $12,000 for married couples, that could help lower your taxable income and even reduce taxes on your Social Security benefits.In this video, we answer your most common questions:✅ Who qualifies and how much you can claim✅ How long this deduction will last✅ Income limits and phase-outs✅ How this affects Social Security taxes✅ Tips to maximize your savingsSubscribe to our YouTube channel for more financial news and tips: @ACapReCap📍Schedule a Free Consultation:https://www.acapam.com/contact/Financial Advisor in Los Angeles, CACPA in Los Angeles, CAConnect with ACap on social media:X: https://www.x.com/acapam/Instagram: https://www.instagram.com/acapadvisorsaccountants/Facebook: https://www.facebook.com/ACapAdvisorsAccountants/LinkedIn: https://www.linkedin.com/company/acapadvisorsaccountants/www.acapam.com ACap's Financial Quick Tips