#senior-benefits

#senior-benefits

Florida's retirees will experience significant financial gains starting in 2026 due to a new senior deduction exempting Social Security benefits from federal income tax.

Retired New Yorkers will benefit significantly from a new tax legislation that exempts most Social Security income from federal taxation.

Seniors may receive an additional temporary deduction of up to $6,000 in the Senate version of the bill.

Income thresholds for federal taxes on Social Security benefits have not changed in 40 years.