Donald Trump has unveiled a proposal that would give Americans aged 65 and older a new $6,000 tax deduction.
Under the plan, married couples where both spouses are over 65 would qualify for a combined $12,000 deduction, potentially reducing their taxable income significantly.
The proposal is aimed at helping retirees cope with rising living expenses, inflation, and the financial pressures many seniors face on fixed incomes.
Supporters say the measure would provide meaningful relief to millions of older Americans, while critics argue it could increase the federal deficit. The proposal remains subject to congressional approval before it can become law.
