In the intricate and often unforgiving world of U.S. fiscal policy, a major change is on the horizon for the nation’s retirees. Hidden within President Donald Trump’s expansive “One Big Beautiful Bill Act” is a provision specifically aimed at improving the financial well-being of older Americans. While much attention has centered on broad economic indicators, this particular measure—the “Senior Deduction”—directly addresses the everyday financial realities of those who have left the workforce. As the 2026 tax year approaches, seniors are discovering that the tax burden they once considered unavoidable may now be significantly reduced thanks to new rules affecting taxable income and Social Security benefits. Continue reading…
