Bonus Tax Relief for America’s Seniors Act

This bill would raise the extra standard deduction that people aged 65 and older can take on their taxes to $5,000 per person, with that amount going up over time to keep pace with inflation. Right now, that extra deduction is only $1,600 for most seniors or $2,000 for those who are unmarried. Under this bill, a married couple who are both 65 or older and file taxes together could claim a combined extra deduction of $10,000.

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