Many older Americans are not taking advantage of tax deductions which could help them shore up savings for retirement, experts warn. Major changes put in place by the Internal Revenue Service (IRS) over the past few years may have confused some taxpayers, said certified public accountant Tom Wheelwright. Trump-era legislation brought in by the Tax Cuts and Jobs Act in 2017 made . Then in 2022, President Biden made further modifications under the Reduction Act.
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