Arkansas seniors will benefit significantly from the One Big Beautiful Bill, which eliminates federal taxes on most Social Security income for many retirees. Approximately 500,000 retirees in Arkansas can expect tax relief as the new legislation increases the share of retirees exempt from taxes on Social Security benefits from 64% to 88%. The senior deduction offers $6,000 for individuals and $12,000 for married couples. Projections suggest increases in real take-home pay and the creation of new housing units to support low-income senior residents.
The One Big Beautiful Bill raises the share of retirees who no longer owe federal taxes on their Social Security from 64% to 88%, covering 51.4 million seniors nationwide.
The new senior tax deduction provides $6,000 for single seniors and $12,000 for married couples, on top of the standard deduction, marking the largest tax break in history for America's seniors.
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