{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/408474d7da9545ff83bb5cb5c0c3107b\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/408474d7da9545ff83bb5cb5c0c3107b-f6d005cc70d3f0d6.gif","duration":157.283,"title":"New Tax Deduction for Seniors Explained","description":"Hi everyone, in this video, I discussed a new deduction for seniors that was introduced as part of the one big beautiful bill act signed into law on July 4th, 2025. For tax years 2025 through 2028, qualifying seniors aged 60 and older can claim a temporary deduction of $6,000 for individuals or $12,000 for married couples filing jointly, which could help reduce their taxable income. This deduction phases out for higher-income earners, beginning at $75,000 for single filers and $150,000 for joint filers, and is completely eliminated at $175,000 and $250,000, respectively. I encourage you to check your eligibility and ensure that you include a valid Social Security number on your tax return to take advantage of this deduction."}