The new $6,000 senior deduction is a huge win for retirees. Having this extra deduction helps lower their taxable income. This means that more of their Social Security checks and retirement benefits stay in their hands instead of being taxed.
The committee's rare late-night meeting, scheduled for 1 a.m., comes as Republican leadership races to pass what Mr. Trump refers to as the 'big, beautiful bill' before their self-imposed Memorial Day deadline.