Social Security Retirees Get a New Tax Break in 2025. Here’s How to Plan For It

xalien / Shutterstock.com Quick Read The OBBBA creates a $6,000 annual deduction for taxpayers 65 and over starting in 2025. The deduction phases out for income above $75,000 (single) or $150,000 (joint). The tax break expires in 2028, so retirees should make the most of it. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to learn more here President Trump promised ...