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(10-30-2026 04:02 PM)Ken Barna Wrote:  Dear Boca Rocket,
When am I supposed to receive this enhanced deduction? My tax man has never mentioned that to me, for my tax returns. And if this is so popular with seniors, (which I am) why have I never heard of it? Sounds like the bull**** Trump keeps putting out that seniors no longer pay taxes on their social security. I pay 130 dollars every month in federal taxes.
As far as stock prices are concerned, only 40% of all Americans own stocks. So stock market prices mean very little to most people just trying to put food on their table.

It was enacted July '25. It was an additional reduction of taxable income for Seniors besides the standard Senior deduction, $6,000 for single filers, $12,000 for married couples. Completely phases out for singles with modified adjusted gross income(magi) of $175,000, married couples of $250,000.

That one?

Checked Gas Buddy this morning.

All of a sudden gas prices(reg.) have dropped one week after the election.
Portage, Michigan Walmart $3.33
Cleveland, Ohio SNL $2.99
Knoxville, Tenn Casey's $2.69
North Carolina $2.75

Would almost seem prices were manipulated.

(11-10-2026 09:52 AM)Boca Rocket Wrote:  Checked Gas Buddy this morning.

All of a sudden gas prices(reg.) have dropped one week after the election.
Portage, Michigan Walmart $3.33
Cleveland, Ohio SNL $2.99
Knoxville, Tenn Casey's $2.69
North Carolina $2.75

Would almost seem prices were manipulated.

They dropped a bit before the election. Also, it's no longer summertime so gas prices usually drop.