‘Senior Bonus’ in Trump Agenda Bill Would Temporarily Provide Relief to Americans Over 65

‘The President and House Republicans are providing much needed tax relief to middle and low-income seniors,’ says Jim Martin, 60 Plus Association chairman.

Speaker of the House Mike Johnson (R-La.) speaks to the media at the U.S. Capitol after the House narrowly passed a bill forwarding President Donald Trump's agenda, in Washington, on May 22, 2025. Kevin Dietsch/Getty Images

The One Big Beautiful Bill Act, narrowly approved by the House of Representatives on May 22, includes a tax break for Americans older than 65 in the form of a temporary deduction of $4,000.  

In lieu of President Donald Trump’s campaign pledge to eliminate taxes on Social Security benefits, this deduction, called the “senior bonus,” would offer a smaller tax cut, targeted to benefit lower-income seniors.