Once you turn 50, and especially after age 65, you may qualify for extra tax breaks. Older people get a bigger standard deduction, and they can earn more before they have to file a tax return. Workers over 50 can also defer or avoid taxes on more money using retirement and health savings accounts.
Social Security tax breaks: What the ‘Big Beautiful Bill’ really means for 88% of retirees
Many people, such as President Donald Trump and many members