Former President Donald Trump has announced a new tax policy aimed specifically at Americans aged 65 and older. The proposal was shared directly through his social media channels.

Beginning next year, eligible seniors will qualify for a $6,000 tax deduction. The measure is intended to provide financial relief to retirees living on fixed incomes or relying solely on Social Security.

Married couples stand to gain even more. If both spouses are over 65, they will collectively be eligible for a $12,000 deduction. This could result in substantial tax savings for senior households.

The deduction is part of Trump’s broader 2026 tax proposal, which seeks to reshape how retirement income is taxed. The goal is to help retirees retain more of their money amid rising healthcare and living costs.

Supporters argue the plan offers essential relief at a time when inflation has placed significant strain on older Americans. Many seniors are struggling to stretch their benefits to cover basic needs.

The policy has been met with enthusiasm across many senior communities. It reflects a targeted effort to address the financial pressures retirees currently face.

The proposal also offers a glimpse into how future tax reforms may continue to prioritize vulnerable populations, particularly those in later stages of life.