Archive for the ‘Taxation’ Category
Thursday, July 17th, 2025
Big Tax Breaks Ahead for Seniors Thanks to One Big Beautiful Bill — Here’s What You Need to Know
July 14, 2025
Americans are set to see meaningful tax relief starting in 2025, thanks to a sweeping new law the “One Big Beautiful Bill.” This legislation delivers real savings for retirees and working seniors alike and putting more money back in your pocket.
Here’s what AMAC members need to know about what’s in the law, how to claim these deductions, and who qualifies.
- Higher Standard Deduction
One of the most significant changes in 2025 is the higher standard deduction, which applies to all taxpayers who don’t itemize.
- For single filers, the standard deduction increases to $15,750.
- For married couples filing jointly, it rises to $31,500.
You don’t need to do anything special to claim it — simply choose the standard deduction when you file your federal return, and the new amount will automatically apply.
2. Extra Deductions for Seniors
If you’re 65 or older by the end of 2025, you’ll also qualify for an additional senior deduction — on top of the standard one.
- Single filers 65+ get an extra $2,000.
- Married couples where both spouses are aged 65+ get $1,600 each, or $3,200 total.
Again, this is automatic. Just make sure you (or your tax preparer) indicate your age on your return.
3. Special $6,000 Deduction for Seniors with Modest Incomes
In addition to the standard and senior deductions, the new law provides a temporary $6,000 deduction specifically for Americans age 65 and older with modest incomes.
Who qualifies?
- This deduction is designed for seniors whose adjusted gross income (AGI) falls below a certain threshold.
- The exact income limits will be finalized before the 2025 tax season, but it is expected to cover a large share of middle- and lower-income retirees — especially those who rely mostly on Social Security and modest retirement savings.
How to claim it?
- Unlike the standard and senior deductions, this one may require a separate line on your tax form.
- Updated IRS forms and instructions are expected to make this clear, and AMAC will provide guidance as soon as those details are released.
- If you use tax software or a preparer, they’ll help ensure you don’t miss it.
- Other Tax-Friendly Changes
The law also includes additional ways for Americans — including seniors — to save at tax time:
- Tips and overtime pay for most Americans are now tax-deductible at the Federal level.
- Auto loan interest is deductible again.
- The cap on state and local tax (SALT) deductions jumps to $40,000 for households earning under $500,000.
These provisions are especially helpful for older adults who still work part-time, support their families, or live in states with high taxes.
(more…)
Tags: A Big Tax Break For Seniors
Posted in Congress, Conservatism, Donald Trump, Election 2024, GOP, MAGA, Seniors, Taxation, Taxes, Women's Issues | No Comments »
Thursday, June 26th, 2025
By Seth McLaughlin June 25, 2025
Avowed socialist Zohran Mamdani’s win in the Democratic primary for New York mayor delivered a massive victory for the Democratic Party’s insurgent wing and knocked the party establishment back on its heels.
Old-school Democrats had lined up behind disgraced ex-Gov. Andrew Cuomo, who conceded.
The commanding performance by Mr. Mamdani, who is running on promises of free public transit and child care, reflects the changing demographics of New York City.
Hank Sheinkopf, a New York-based Democratic strategist, said it also showcased how the “most pampered generation in history” wants to redefine a leaderless Democratic Party.
“If you’re an older Democrat, it’s very bad news. It tells you your time is coming to a conclusion,” he said. “Clintonism is finally dead. It is now the party of the AOCs with the Godfather as Bernie Sanders.”
Mr. Mamdani, a 33-year-old Muslim state assemblyman, anchored his campaign on making New York City more affordable. He promoted a socialist-inspired wish list of free child care, free bus service, rent freezes and public-owned grocery stores.
He advocated for raising the city’s minimum wage to $30 per hour and increasing taxes on businesses and the wealthiest New Yorkers to help pay for it.
(more…)
Tags: Mamdani's NY Win Rattles Democrat Party
Posted in Anti Semitism, Big Business, Big Government, Clinton, Community Organizers, Cultural Marxism, Culture Rot, Deep State, Democracy, Democrats, Demographics, Diversity, Economy, Election, Election 2026, Entitlements, Foreign Policy, GOP, Gun Control, Hamas, Illegal Immigration, International Affairs, Iran, Israel, LGBTQ, Liberalism, Marxism, Media, Middle East, New York, Police/law enforcement, Politics, Progressive Movement, Radical Islam, Radical Left, Sanctuary Cities, Social Justice, Socialism, Taxation, Taxes, Welfare, Wokeness | No Comments »
Thursday, May 22nd, 2025
VIDEO AND ARTICLE
www.foxnews.com/politics/mike-johnson-donald-trump-get-big-beautiful-win-budget-passes-house?lid=dlt0xmng9szr
Mike Johnson, Donald Trump get ‘big, ‘beautiful’ win as budget passes House
The House began debating the bill just before 3 a.m. on Thursday
May 22, 2025
President Donald Trump’s “one big, beautiful bill” passed the House of Representatives early on Thursday morning with few Republican defections.
It is a significant victory for House Speaker Mike Johnson, R-La., who navigated deep inter-party friction within the House GOP Conference to deliver a product from which few Republican lawmakers ultimately defected.
The bill is a sweeping multi-trillion-dollar piece of legislation that advances Trump’s agenda on taxes, immigration, energy, defense and the national debt. It’s sought to make a dent in the federal government’s spending trajectory by cutting roughly $1.5 trillion in government spending elsewhere. The U.S. government is over $36 trillion in debt and has spent $1.05 trillion more than it’s collected in the 2025 fiscal year, according to the Treasury Department.
PLEASE CLICK ON THE LINK ABOVE TO VIEW THE VIDEO AND READ THE ENTIRE ARTICLE
Tags: Big Beautiful Bill Passes House
Posted in Big Government, Border Security, Congress, Conservatism, Defense Budget, Democrats, Dept of Defense, Donald Trump, Economy, Election, Election 2024, Food Stamps, GOP, Government Waste and Fraud, Illegal Immigration, Inflation, Military, National Debt, National Defense, Obamacare, Open Borders, Social Security, Spending, Taxation, Taxes, Transparency, Videos | No Comments »
Tuesday, May 20th, 2025
PLEASE CLICK ON THE LINK BELOW TO READ THE ENTIRE ARTICLE
Trump’s ‘knock-down-drag-out counterrevolution’ is tackling long-festering ills no one else would
Tags: Trump Is Tackling The Problems No One Else Would
Posted in Administrative State, American History, Asia, Banking, Bankruptcy, Big Government, Child Endangerment, CIA, Congress, Corruption/Crime, Cyber Security, Cyber Warfare, Deep State, Democrats, DOGE, Donald Trump, Economy, Election, Election 2024, Energy, Entitlements, Europe, FBI, FBI Director, Foreign Policy, Globalists, GOP, Government Regulation, Government Waste and Fraud, Illegal Immigration, Industry, Inflation, International Affairs, Iran, IRS, J D Vance, Jihad, Judges, Justice Department, Legal Issues, MAGA, MAHA, Middle East, Military, National Debt, National Defense, Netanyahu, Police/law enforcement, Political Corruption, Politics, Protestors, Radical Islam, Radical Left, Saudi Arabia, Spending, Syria, Taxation, Taxes, transgender issues, Transparency, U.S. Presidents, Voter Fraud, Wokeness | No Comments »
Wednesday, April 16th, 2025
Harvard’s endowment is $53.2 billion and they are getting $9 billion of our taxpayer money ??? All the while Harvard and other ivy league universities are advocating for Jewish genocide. Something is terribly wrong with this picture !!! Thanks to Luceil Friedman for sharing this article with us. Nancy
tinyurl.com/mpj4rywb
Harvard’s ‘resistance’ to Trump isn’t about science or academic freedom
The school would rather lose $9 billion in federal funding than offend the left and give up woke indoctrination policies that enable and encourage antisemitism.
(April 15, 2025 / JNS)
It’s nice to know that the school that is widely considered to be the most prestigious institution of higher education in the United States is willing to stand up for its principles. Unfortunately, the main principle for which Harvard University is standing up—and earning deafening applause from liberal elites in politics and the media—is the right to go on enabling and encouraging the hatred of Jews.
Of course, that’s not the way the political left is spinning the announcement that Harvard would defy the demands of the Trump administration to cease its tacit support of the surge of antisemitism since the Hamas-led terrorist attacks in southern Israel on Oct. 7, 2023.
For Trump’s “progressive” opponents who have acquired near-total control of higher education in the United States, the demands are unacceptable. They would rather lose federal funding, which is crucial to their survival, than end discrimination in admissions and hiring rooted in the woke catechism of diversity, equity and inclusion (DEI) that creates viewpoint uniformity that excludes conservatives and supporters of Israel. They also refuse to adopt disciplinary policies against those who advocate for Jewish genocide and harass Jewish students, or prevent the pro-Hamas mobs on their campuses from wearing masks while they commit their acts of intimidation and violence.
For the far left, their refusal to treat antisemites the way they would bigots who threatened African-Americans or Hispanics is a heroic act of “resistance.”
(more…)
Tags: Harvard's Resistrance to Trump
Posted in Anti Semitism, Censoring, Cultural Marxism, Deep State, Democrats, Demographics, Education, Election, Election 2024, Elitism, Frankfurt School, Globalists, Hamas, Israel, Jihad, Liberalism, Marxism, Nazism, Palestine, Progressive Movement, Protestors, Radical Islam, Radical Left, Religion, Resistance, Spending, Taxation, Taxes, Terrorism, Totalitarian, Transparency, Wokeness | No Comments »
Monday, April 7th, 2025
VIDEO
Ag Sec. Rollins: 50 Countries Already Coming to the Table on Tariffs
By Pam Key April 6, 2025
Agricultural Secretary Brooke Rollins said Sunday on CNN’s “State of the Union” that the Trump administration’s tariffs are already making countries negotiate
Rollins said, “I think it’s really important to realize that last Wednesday was when the president announced this new American order, the new American economic plan. We’re now two days in, right? You’ve got two days of data.”
PLEASE CLICK ON THE LINK ABOVE TO HEAR THE VIDEO
Tags: video - 50 Countries Already Coming to Negotiate
Posted in Agriculture, American History, Canada, China, Deep State, Democrats, Donald Trump, Economy, Election 2024, EU ( European Union), Europe, Fair Trade, Foreign Policy, France, Globalists, Globalization, Industry, Japan, MAGA, Media, National Debt, Nationalism, One World Government, Politics, Progressive Movement, Sovereignty, Tariffs, Taxation, Taxes, Transparency, Videos, World Economic Forum | No Comments »
Sunday, April 6th, 2025
VIDEO – LIFE, LIBERTY & LEVIN SATURDAY APRIL 5, 2025
Guest – Gordon Chang
Tags: 2025, Liberty & Levin - Sat Aoril 5, Life
Posted in American Exceptionalism, American History, Asia, Big Business, Big Government, China, Congress, Corruption/Crime, Deep State, Defense Budget, Democracy, Democrats, Dept of Defense, DOGE, Donald Trump, Election, Election 2024, Elitism, EU ( European Union), Europe, Foreign Policy, Germany, Globalists, Globalization, Joe Biden, Judges, Legal Issues, Liberalism, MAGA, Mark Levin, Mexico, Military, National Debt, National Defense, Political Corruption, President Ronald Reagan, Progressive Movement, Radical Left, Resistance, Socialism, Spending, Taxation, Taxes, Transparency, Tyranny, Videos, Wokeness, World Economic Forum | No Comments »
Sunday, March 30th, 2025
VIDEO
Phillip Patrick: “No Nation In History Has Come Back From A Debt Position Like We Are In”
Tags: Video - Our Debt Bomb
Posted in Bankruptcy, Big Government, Debt Ceiling, Deep State, Democrats, DOGE, Donald Trump, Economy, Election, Election 2024, Europe, Germany, Globalists, Globalization, GOP, IRS, Joe Biden, Liberalism, MAGA, National Debt, Progressive Movement, Spending, Steve Bannon, Taxation, Taxes, Transparency, Videos | No Comments »
Friday, March 14th, 2025
Trump Administration Celebrates a Whopping 50 Wins in 50 Days!
March 10, 2025 By Paula Bolyard
It’s been an epic 50 days, with President Trump and his administration notching win after win after win. And the president shows no signs of stopping. The White House sent out a press release on Monday celebrating the things Trump has accomplished for the American people, including securing the border, bringing back American hostages, reinstating with back pay soldiers who had been discharged for refusing the COVID-19 vaccine, and making it the policy of the United States that there are only two genders. He’s even giving us our plastic straws back!
Here is the complete list. I’m sure it will brighten your Monday!
1. President Trump secured the border in unprecedented fashion.
- Illegal border crossings have declined to the lowest level ever recorded — down 94% from last February and down 96% from the all-time high of the Biden Administration. In one sector, illegal border crossings are down 99% over 2023.
- Fox News correspondent Bill Melugin: “If Fox were to send me down there right now, I would have trouble finding a single migrant on camera.”
- CBS immigration reporter Camilo Montoya-Galvez: “Typically, when we go to the U.S./Mexico border, we at least see one group of people who are trying to cross into the U.S. illegally. We did not see a single migrant.”
2. President Trump signed the Laken Riley Act into law.
- The law requires illegal immigrants arrested or charged with theft or violence to be detained — honoring the memory of Laken Riley, a Georgia college student brutally murdered by an illegal immigrant released into the country.
3. President Trump is deporting illegal immigrant killers, rapists, and drug dealers en masse.
- The list of illegal immigrant criminals arrested and set for deportation include convicted killers, child molesters, child pornographers, gang members, terrorists, and drug traffickers.
4. President Trump’s tariffs are leveling the playing field for American workers.
- President Trump restored a 25% tariff on steel imports and elevated the tariff to 25% on aluminum imports to protect these critical American industries from unfair foreign competition – a move praised by the Steel Manufacturers Association, the Aluminum Association, and businesses across the country.
- President Trump unveiled a plan for fair and reciprocal trade, making clear to the world that the United States will no longer tolerate being ripped off.
5. President Trump is taking on the fentanyl crisis.
- President Trump implemented an additional 10% tariff on imports from China in order to stem the flow of illegal aliens and fentanyl.
- President Trump forced Mexico and Canada to address the fentanyl being trafficked into our country.
6. President Trump has secured billions of dollars in new U.S.-based investments.
- Apple announced a historic $500 billion investment that will create 20,000 new U.S.-based jobs.
- TSMC announced an unprecedented $100 billion investment in U.S.-based semiconductor chip manufacturing.
- President Trump announced the largest artificial intelligence infrastructure project in history, securing $500 billion in planned private sector investment — with major CEOs agreeing it would not have been possible without President Trump’s leadership.
- President Trump secured a $20 billion investment by DAMAC Properties to build new U.S.-based data centers.
- CMA CGM announced a $20 billion investment in U.S. shipbuilding and logistics, which will create 10,000 new jobs.
- Eli Lilly and Company announced a $27 billion investment in its U.S.-based manufacturing.
- The Trump Administration announced an $18 billion investment by American liquefied natural gas (LNG) exporter Venture Global into their Plaquemines LNG export facility — made possible by President Trump’s energy policies.
- Wisconsin-based Clarios, a leader in low-voltage energy storage, announced a $6 billion plan to expand its U.S.-based manufacturing.
- Saudi Arabia declared its intention to invest $600 billion in the United States over the next four years.
- Taiwan pledged to boost its investment in the United States.
Tags: Trump - 50 Days 50 Wins
Posted in Administrative State, Asia, Big Business, Big Government, Border Security, China, Congress, Conservatism, Corruption/Crime, Dark Money, Deep State, Democracy, Democrats, Dept of Defense, Diversity, DOGE, Donald Trump, Drug Smuggling, Drug War, Economy, Education, Election, Election 2024, Elon Musk, Energy, Entitlements, Environmental Issues, Equity, Europe, FEMA, Foreign Aid, Foreign Policy, Free Speech, Globalists, Globalization, GOP, Government Regulation, Government Waste and Fraud, Green New Deal, Hamas, Hezbollah, Illegal Immigration, Industrial Espionage, Industry, Inflation, Intelligence, Israel, J D Vance, Jihad, Joe Biden, Judges, Justice Department, Kamala Harris, Legal Issues, LGBTQ, Liberalism, MAGA, MAHA, Media, Medical/Drugs, Mexico, Middle East, Military, National Defense, Nationalism, NATO, Open Borders, Palestine, Patriotic, Police/law enforcement, Political Correctness, Politics, Populism, Progressive Movement, Putin, Racism, Radical Islam, Radical Left, Regulations, Resistance, RFK Jr, Russia, Sanctuary Cities, Sovereignty, Taxation, Taxes, Technology, Terrorism, Trade Agreements, Transparency, U.S. Presidents, Wokeness, Women's Issues | No Comments »
Thursday, February 27th, 2025
So sad 😒!!! Nancy
Buh-Bye! Trump Admin Closing 110 IRS Offices, Nobody Sad Except DC Bureaucrats and Biden Sycophants
It’s the agency that nobody loves—the Internal Revenue Service; you know, the one which causes your stomach to clinch when you get a letter from them. It’s never good news.
Joe Biden wanted to add 80,000 new agents to comb through your life—but President Trump has a different view. He’s proposed changing it to the “External Revenue Service,” and now his administration is planning to close 110 IRS offices around the country.
Good riddance:
The Trump administration plans to shutter more than 110 IRS offices that have taxpayer assistance centers as the White House’s efficiency zeal carves deeper into the tax agency.
The plan, outlined in a Tuesday letter from the U.S. General Services Administration that was obtained by The Washington Post, comes in the midst of the federal tax filing season that ends April 15, and as the administration is working to reduce agencies’ headcount and scale back the footprint of the federal government. Last week, the IRS started laying off approximately 7,000 probationary employees.
At least 113 taxpayer assistance centers will have their leases terminated or not renewed when they expire, according to a list included with GSA’s letter. It’s unclear whether the assistance centers — which provide free, in-person help for tax filers, on an appointment basis — will relocate or simply close.
Notice how the Washington Post stresses the fact that some of these offices have “taxpayer assistance centers,” implying that oh-so-many people will be hurt by this move. But why do we need taxpayer assistance centers? Why are our taxes so freaking complicated that people with graduate degrees have to fork over thousands of dollars to their CPAs because the tax code is so convoluted that only a full-time tax nerd can figure them out?
PLEASE CLICK ON THE ABOVE LINK TO RED THE ENTIRE ARTICLE
Tags: 110 IRS OFFICES CLOSING
Posted in Administrative State, Big Government, Democrats, DOGE, Donald Trump, Election 2024, GOP, IRS, Joe Biden, MAGA, Political Corruption, Politics, Progressive Movement, Radical Left, Taxation, Taxes, Transparency | No Comments »
