THANK YOU

[fishhead]

This new tax break is in addition to the standard deduction and additional standard deduction that Americans who are 65 and older already can claim to reduce their taxable income.

In fact, the new law also hikes the regular standard deduction (that is, the tax benefit that’s available to just about all taxpayers) in 2025 to:

$15,750 for single filers
$23,625 for head of household filers
$31,500 for married fling jointly filers

Meanwhile, the existing additional standard deduction — a tax perk that’s been available for a long time to taxpayers who are 65 and older and/or blind — in 2025 is worth $2,000 for a single filer aged 65 or older, or $3,200 for a married-filing-jointly couple if both spouses are age 65 or older (if just one spouse is 65+, the additional deduction is $1,600).

All of the above means that taxpayers aged 65 or older can now enjoy the slightly higher standard deduction, plus their regular additional standard deduction, plus the new bonus deduction (if their income falls below the limit). Keep in mind that the regular standard deduction and the additional standard deduction are available only to people who don’t itemize, while the new bonus deduction is available even to itemizers.

 

[fishhead]

TRUMP ..............

"Therefore, I am directing Secretary of Homeland Security, Kristi Noem, and Border Czar, Tom Homan, to instruct all ICE, Homeland Security, or any other Law Enforcement Officer who is on the receiving end of thrown rocks, bricks, or any other form of assault, to stop their car, and arrest these SLIMEBALLS, using whatever means is necessary to do so. I am giving Total Authorization for ICE to protect itself, just like they protect the Public."

He added: "I never want to see a car carrying a Law Enforcement Officer attacked again! AUTHORIZATION IMMEDIATELY GRANTED FOR ARREST AND INCARCERATION."

 

[fishhead]

EVERYTHING coming up ROSES

 

[jjgold]

That’s not bad actually

 

[fishhead]

That’s not bad actually

NO KIDDING

 

[BobbyFK]

Good deal for you sir! It pays to be old

 

[jamesy2422]

happy for you fish

 

[fishhead]

Good deal for you sir! It pays to be old

Not just the elderly ....................

In fact, the new law also hikes the regular standard deduction (that is, the tax benefit that’s available to just about all taxpayers) in 2025 to:

$15,750 for single filers
$23,625 for head of household filers
$31,500 for married fling jointly filers

 

[Brock Landers]

Add trillions to the deficit, fantastic job! LOL

 

[flyingillini]

Add trillions to the deficit, fantastic job! LOL

You’re a burden to the advancement of economic growth in America. It’s people like you that tried to tear America down with your Obama/Biden loving economy. Pack your bags and move to Canada. Your kind is not needed or wanted.

 

[Brock Landers]

You’re a burden to the advancement of economic growth in America. It’s people like you that tried to tear America down with your Obama/Biden loving economy. Pack your bags and move to Canada. Your kind is not needed or wanted.

LOL yeah

 

[Tanko]

This new tax break is in addition to the standard deduction and additional standard deduction that Americans who are 65 and older already can claim to reduce their taxable income.

In fact, the new law also hikes the regular standard deduction (that is, the tax benefit that’s available to just about all taxpayers) in 2025 to:

$15,750 for single filers
$23,625 for head of household filers
$31,500 for married fling jointly filers

Meanwhile, the existing additional standard deduction — a tax perk that’s been available for a long time to taxpayers who are 65 and older and/or blind — in 2025 is worth $2,000 for a single filer aged 65 or older, or $3,200 for a married-filing-jointly couple if both spouses are age 65 or older (if just one spouse is 65+, the additional deduction is $1,600).

All of the above means that taxpayers aged 65 or older can now enjoy the slightly higher standard deduction, plus their regular additional standard deduction, plus the new bonus deduction (if their income falls below the limit). Keep in mind that the regular standard deduction and the additional standard deduction are available only to people who don’t itemize, while the new bonus deduction is available even to itemizers.

I appreciate you attempting to frame this bill as a great thing. It does provide some tax benefits but, you are leaving some important items out of your write up. You should tell the whole story.

• Soc sec tax break is only good for 3 years then it expires. Why did they put an expiration on it? Seems like a gimmick to say, "Look we cut taxes on Soc Sec" when it's really only temporary.
• I wouldn't reference the standard deduction going up. It goes up every year. This bill did nothing new....

Tax year	Single or Married Filing Separately	Married Filing Jointly or Surviving Spouse	Head of Household
2024	$14600	$29200	$21900
2023	$13850	$27700	$20800
2022	$12950	$25900	$19400
2021	$12550	$25100	$18800
2020	$12400	$24800	$18650

• 90% of the tax benefits go to the top 10% of earners and businesses.
• The Deficit will be increased $3.5 Trillion dollars.... The country is going broke due to the "fiscally conservative" republicans we have running the country. WTH?

 

[fishhead]

TARIFFS ramping up, love it!

 

[rickeyphillips]

I appreciate you attempting to frame this bill as a great thing. It does provide some tax benefits but, you are leaving some important items out of your write up. You should tell the whole story.

• Soc sec tax break is only good for 3 years then it expires. Why did they put an expiration on it? Seems like a gimmick to say, "Look we cut taxes on Soc Sec" when it's really only temporary.
• I wouldn't reference the standard deduction going up. It goes up every year. This bill did nothing new....

Tax year	Single or Married Filing Separately	Married Filing Jointly or Surviving Spouse	Head of Household
2024	$14600	$29200	$21900
2023	$13850	$27700	$20800
2022	$12950	$25900	$19400
2021	$12550	$25100	$18800
2020	$12400	$24800	$18650

• 90% of the tax benefits go to the top 10% of earners and businesses.
• The Deficit will be increased $3.5 Trillion dollars.... The country is going broke due to the "fiscally conservative" republicans we have running the country. WTH?

It’s only good for 3 years because whatever dem scumbag wins the presidency in 28 is going to pull it off the table anyway. That’s the thing I don’t understand about the tariffs. The dems will reverse it all. It’s a waste of time. The entire government is one big grift to suck every dollar out of taxpayers. Both sides want you to have nothing and live in a gutter.

Anyone who thinks Trump or any other politician wants to make your life easier you’re delusional. They are all scumbags.

 

[Tanko]

Anyone who thinks Trump or any other politician wants to make your life easier you’re delusional. They are all scumbags.

THIS IS A FACT!