Talk of The Villages Florida - View Single Post - Latest tax changes in the BBB
Thread: Latest tax changes in the BBB
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Old 07-02-2025, 12:38 PM
Pballer Pballer is offline
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Quote:
Originally Posted by thekatman View Post
The $6000 is adjusted downward after $175,000 when filing married jointly. And zeroes out at $250k.
Seniors really got screwed over on this one. No tax on tips phases out after $160,000/single. No tax on overtime phases out after $150,000/single or $300,000/couple. But the senior deduction phases out after only $75,000/single or $150,000/couple.