If your income exceeds $150,000 for a single adult or $250,000 for a married couple, you won't qualify for the $6,000 senior deduction. However, you're still eligible to claim your standard deduction and the $2,000 senior deduction that was already in place before the BBB passed.

The staggered nature of President Donald Trump’s One, Big, Beautiful Bill Act means its full impact will not be seen for several years.

South Carolina retirees are expected to benefit from a new federal deduction that exempts most Social Security income from taxes.