ACap ReCap: Financial and Tax Tips

NEW $6000 Senior Tax Deduction Explained & Your Questions Answered

Ara Oghoorian Season 6 Episode 23

Are you 65 or older? The new 2025 tax bill (OBBBA) introduces a $6,000 bonus deduction — up to $12,000 for married couples, that could help lower your taxable income and even reduce taxes on your Social Security benefits.

In this video, we answer your most common questions:
✅ Who qualifies and how much you can claim
✅ How long this deduction will last
✅ Income limits and phase-outs
✅ How this affects Social Security taxes
✅ Tips to maximize your savings

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