In a state where affordability is critical to retirement planning, the One Big Beautiful Bill Act (OBBBA) may provide Mississippi seniors with a new tax advantage. Through the introduction of a deduction afforded only to seniors,

Roughly 1.7 million Michigan retirees are expected to benefit from a new deduction that exempts most Social Security income from taxes.

If your income exceeds $150,000 for a single adult or $250,000 for a married couple, you won't qualify for the $6,000 senior deduction. However, you're still eligible to claim your standard deduction and the $2,000 senior deduction that was already in place before the BBB passed.