ADVERTISEMENT

Seniors Set To Receive Big Tax Relief Thanks to Trump, GOP

by

ADVERTISEMENT

for individuals and $12,000 for married couples when both spouses are 65 and older.

  • This deduction phases out above a certain income level: Modified Adjusted Gross Income (MAGI) of $75,000 for singles and $150,000 for those married, filing jointly. It phases out completely for MAGI above $175,000 and $250,000, respectively.
  • The IRS says you must “include continue reading …

    ADVERTISEMENT

    • Leave a Comment

    ADVERTISEMENT