Retirees Might Get a Tax Break Bonus

Heads up if you’re 65 or older: Congress is cooking up a new tax break that could mean an extra $4,000 off your taxable income. That’s on top of your usual deduction, so more cash could stay in your pocket. But here’s the catch: it’s only for four years and only if you make under $75k (single) or $150k (married). If you’re living on Social Security, every dollar helps—just don’t spend your savings yet, since this is still just a proposal! #RetirementHacks #TaxTips #MoneyMatters #SocialSecurity #PersonalFinance #Finance