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The Economic Times

Global Business / The Economic Times

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Are you on the list? Trump tax cuts could put $670 back in some Americans pockets

A new $6,000 senior tax deduction could raise 2025 refunds for millions of Americans aged 65 and older. AARP estimates average savings near $670. Middle-income retirees may save up to $1,320. Income limits apply, but the benefit stacks with standard deductions. The relief runs through 2028, as living costs remain elevated.

19 Jan 2026 7:36 pm