Donald Trump has unveiled a new tax proposal aimed at helping Americans aged 65 and older, offering what he calls “a reward for their lifetime of hard work.” The plan introduces a $6,000 tax deduction for individuals and $12,000 for couples where both spouses are 65 or older, set to take effect in 2026 if approved.

With rising inflation and limited Social Security benefits, many retirees see the move as welcome relief. Supporters argue it could “put thousands back into seniors’ pockets,” easing financial strain for those living on fixed incomes.

However, critics question whether the plan is financially sustainable, warning it might increase the national deficit. Still, Trump insists that “older Americans built the foundation of this country,” making them deserving of focused tax relief.

The proposal is part of a broader tax reform package and still awaits Congressional approval, meaning changes could occur before it becomes law.

Whether viewed as a political strategy or genuine support, the plan has sparked national debate and renewed focus on senior citizens. If passed, it could be a major win for retirees—“a potential brighter financial chapter” for millions of Americans over 65.