UK politics
fromIndependent
4 days agoLorraine Courtney: USC should be abolished for everyone earning under 100k to help 'middle Ireland'
Abolishing the Universal Social Charge could benefit struggling middle-income workers.
The One Big Beautiful Bill Act (OBBBA) introduces a senior deduction of $6,000 for individuals and $12,000 for married couples, ensuring 88% of seniors avoid federal tax on Social Security benefits.
The legislation introduces a senior deduction that exempts most Social Security benefits from federal taxation, bringing financial relief to roughly 200,000 retirees in Delaware.