Should the seniors or the blind be troubled about the standard deduction proposal in the Republican tax plan? We are told the individual deduction will be eliminated, but the standard deduction will be doubled to $12,000 for a single taxpayer and $24,000 for a married couple.
Since we seniors — 65 and older — or the blind have a different deduction allowing $13,850 single, will this be doubled to $27,700 (and $15,100 to $30,200 for married couples)?
There is no mention about our group. We live on limited or fixed income. Will all groups be indexed for inflation like our new Indiana fuel tax? If not, why?
Please contact your elected officials for their support and hopefully some answers.
Carl A. Bernacky, Dyer