Quote:
Originally Posted by ton80
I am not sure what you are referring to.
The current law ( BBB Tax Law) now is: The maximum tax relief is the extra 12K deduction if the couple's AGI is less than 150K.
The rest, 48K in the OP's example, is part of his AGI and will be taxed. There is no change required in 2028.
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The current bill expires in 2028, just like the tax cuts from 2017 were going to expire unless it was made into law. If there’s a change where you lose the $6000 break for taxes on your SS, Seniors will be furious.