Donald Trump announced a new tax proposal granting seniors “a brand-new $6,000 tax deduction” starting next year. Married couples where both spouses are 65 or older will qualify for “a total deduction of $12,000.”

The plan is part of Trump’s 2026 tax proposal, designed to help retirees “keep more of what they earn” and strengthen their financial security. For many seniors on fixed incomes or living off Social Security, this change could bring meaningful relief amid rising inflation and living costs.

Supporters have praised it as a victory for the “forgotten generation,” while critics question the long-term economic impact of the cuts.

Trump emphasized his reasoning clearly: “America’s seniors built this country — it’s time we give back to them.”

If approved, the policy could save eligible seniors thousands next year. For now, the proposal awaits congressional review, but Trump’s message has already energized his base — “He did it again… and seniors are the big winners.”