President Donald Trump’s push to help Americans over the age of 65 may be possible with a provision in the “big, beautiful bill,” which passed the Senate on Tuesday.
Trump’s Council of Economic Advisers noted that the bill “delivers on President Trump’s promise of No Tax on Social Security,” providing the “largest tax break in American history for our nation’s seniors.”
“The One Big Beautiful Bill provides a new bonus deduction of $6,000 for seniors age 65 and older ($12,000 for married seniors) beginning in 2025,” the overview explained, noting the provision, which does not wipe out taxes on Social Security, would be in addition to current standard deductions.
According to a 2024 report prepared by the Administration on Aging, seniors in 2022 had a median income of about $30,000.
Marc Goldwein of the Committee for a Responsible Federal Budget (CRFB) explained that the new benefit may not make much of a difference for low-income seniors.
“While it may be pitched as going to low-income seniors, low-income seniors don’t pay taxes already,” he told The Washington Post.
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