President Trump’s proposed 2026 tax plan would give Americans 65 and older a new $6,000 tax deduction, rising to $12,000 for eligible married couples. Supporters say the measure would help seniors cope with inflation, healthcare costs, and rising living expenses.
Critics argue the tax break could increase the federal deficit and add pressure on future government programs. The proposal now faces a political battle in Washington, leaving millions of retirees waiting to see whether the promised relief becomes law.