What the Big Beautiful Bill means for your tax refund
- Thread starter Solitude
- Start date
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Tall_Timbers
Well-known member
If you and your spouse are both 65 or older you get an extra 12K added to your standard deduction, 6K for single filers 65 or older. There is a maximum allowable income level for that.
According to the Congressional Budget Office (CBO), the Big Beautiful Bill will add approximately $3.3 trillion to the national deficit over the next decade. Critics warn that this increase in deficit could have long-lasting effects on American taxpayers.