Congressmember Nicole Malliotakis rallied with seniors at the Bay Ridge Center on May 12 to advocate for reducing taxes on Social Security income. She aims to increase the SALT deduction cap from $10,000 to $30,000 and provide an additional $4,000 deduction for seniors earning under $75,000. As a member of the House Ways & Means Committee, she seeks to build support for the GOP's tax bill, while also sponsoring the TRUST Act and RETIREES FIRST Act to alleviate financial burdens on retirees, particularly those facing increased taxation since 1984.
A significant change in tax policy could relieve senior citizens from the burden of taxes on their Social Security income, especially for those earning less than $75,000.
Malliotakis is advocating for an increase in the state and local tax deductions cap to $30,000, which may provide essential financial relief for many seniors.
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