Social Security, Beautiful Bill
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1don MSNOpinion
The Social Security Administration lied about the GOP budget bill in a message to beneficiaries. Can we trust anything it tells us in the future?
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire at the end of 2028.