President Donald Trump has announced a major new tax proposal that could give millions of seniors a financial boost in 2026. Under the plan, Americans aged 65 and older would receive a $6,000 tax deduction, while eligible married couples could claim up to $12,000. The proposal is designed to help retirees and seniors on fixed incomes keep more money as inflation and living costs continue to rise. Many older Americans are already calling the move a huge relief for retirement finances.
