The Economic Times

New tax deduction for retirees heres exactly how Social Security users can qualify

A new tax deduction may help seniors lower their taxable income and reduce chances of paying tax on Social Security. People aged 65 and above with income under limits can qualify. The benefit lasts until 2028 and can be added to other deductions. This change, along with a new retirement report, is making many Americans rethink when they can retire.