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New $6,000 tax deduction for seniors: Who qualifies for the extra 2026 benefit
The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors.
Social Security beneficiaries receiving payments in 2026 can expect about $56 more every month, a new tax deduction that will lower seniors' taxes, and modernization updates to the agency.
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