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Home Market Research Markets

2 New Bills Would Slash Taxes for Older Americans

by TheAdviserMagazine
6 months ago
in Markets
Reading Time: 1 min read
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2 New Bills Would Slash Taxes for Older Americans
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Evgeny Atamanenko / Shutterstock.com

Two bills recently introduced in Congress would sharply drop federal income taxes for many older Americans. If they become law, millions of retirees would benefit at a time when many are struggling to stay on top of rising costs. Here is what is being proposed — and what happens next. What this legislation does: People who are 65 or older, or blind, get a boost to their standard deduction.



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