Seniors Set To Receive Big Tax Relief Thanks to Trump, GOP

The first major piece of legislation the GOP congressional majority passed and President Donald Trump signed last year, during his first months back in office, was a bill to make their 2017 tax cuts permanent.

Every Democrat voted against the measure even though the cuts benefited the vast majority of Americans.

Now, the administration is touting another benefit for Americans 65 and older ahead of next year’s tax filing deadline.

A significant, though temporary, tax change for older Americans comes in the form of a new benefit known as the “senior bonus deduction.”