President Trump's "Big, Beautiful Bill" Comes With Good News and Bad News for Seniors

Taxes are never much fun, but they could be a little less painful for you this year if you qualify for some of the new tax breaks in President Donald Trump's "big, beautiful bill," like no taxes on overtime or tips. There's also a new senior deduction that could significantly reduce your taxable income if you're 65 or older and meet the income requirements.These changes have already received a lot of media attention, and rightly so. But you may not be as familiar with their potential drawbacks, especially for seniors who depend on their Social Security checks to make ends meet.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool