Quote:
Originally Posted by Aces4
One can do just so much with just so much and it appears there is an attempt to aid those living on limited SS income.
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One thing they could do, is expand Medicaid for seniors heading into nursing homes or requiring palliative care at home.
People living on low income, have little to no tax burden in the first place. If by taking the standard deduction you'd end up getting a full refund on any taxes you've paid, with a net of zero -
then getting an additional $6000 deduction wouldn't change anything, at all. You'd still net zero.
There are seniors living right here in The Villages who would be in this situation. There are millions of seniors all around the country who would be in this situation.