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Can you recommend golf gadgets that can help older golfers? I like to walk the course, but I have back problems that...
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While there had been discussion of eliminating tax on Social Security, a compromise in Congress was to provide individuals over age 65 with a $6,000 Senior Deduction added to the standard deduction. This added deduction is available for 2025 through 2028. The $6,000 Senior Deduction phases out at a rate of 6% of the excess amount for single taxpayers with incomes over $75,000 and married couples filing jointly with incomes over $150,000. The deduction is fully phased out for single taxpayers with incomes over $175,000 and married couples filing jointly with incomes over $250,000. The effect of this $6,000 deduction will reduce taxes for many taxpayers. Here are some scenarios to consider: Susan/Single. Susan is age 78, has Social Security of $28,000 and other income for a total of...
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"Who should receive my property?" Helen asked her attorney, Clara. "There are so many decisions to make....
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