Seniors in the Workforce Tax Relief Act

# Seniors in the Workforce Tax Relief Act Summary **What the Bill Does** The Seniors in the Workforce Tax Relief Act would create a new federal tax deduction for people age 65 and older who are still working. Eligible seniors could deduct $25,000 from their taxable income (or $50,000 for married couples filing jointly), reducing the amount of federal income tax they owe. This deduction would be available through 2029 and would begin to phase out for those with higher incomes—specifically for individuals earning over $100,000 annually and joint filers earning over $200,000. **Who It Affects** This bill primarily benefits working seniors—people age 65 and older who continue to earn employment income.

The tax break is most valuable for lower and middle-income retirees still in the workforce, since the deduction phases out at higher income levels. The measure would reduce federal tax revenue, affecting the overall budget. **Current Status** The bill was introduced by Republican Representative Don Bacon of Nebraska and is currently in committee, meaning it has not yet been debated or voted on by the full House of Representatives. It has not yet become law.