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Medicare Supplements, Medigap, Part D, Initial Enrollment, Medicare Advantage
Filing a tax return? Don't forget the new $6000 and $12,000 deduction for anyone who is 65 or over
If you are filing a 2025 tax return in 2026, there are many new money saving provisions that came out of the tax cut bill that was signed into law by the president over the summer. This video discusses the new $6000 and $12,000 senior deduction. If you are on Medicare, call to get free help finding the right Medicare coverage for your personal needs: 844-731-4987
The $6000 and $12,000 senior deduction is available for tax years 2025, 2026, 2027 and 2028. This is an extra deduction seniors who are aged 65 or over are able to claim on their federal tax return provided their income is below the thresholds. This video discusses the parameters to get the full $6000 or $12,000 senior deduction, income thresholds and other details you need to understand. This is not tax advice, accounting advice, financial advice or any advice at all, please talk to your accountant or CPA.
If you are enrolled in Medicare, call to get free help getting your questions answered and finding the right Medicare coverage for your personal needs: 844-731-4987
This is a tax return update, tax refund update, senior tax deduction update, 2025 tax refund update. 
**Disclaimer**
We are not your attorney, accountant, tax advisor, financial planner, financial advisor, CPA, banker, and we do not know your specific Social Security, SSDI, SSI, VA or fixed income benefit details.
Therefore, all of the material discussed, shown or mentioned in this video is for entertainment purposes only and is not financial, legal, accounting, tax, investment advice, or advice in any way. This information should be used as general information for entertainment purposes only, we highly advise you speak to your professional for specific information. We are not liable in any regard as a result of any information discussed in this video or any videos on this channel.
Chapter Disclaimer:
Average potential savings are based on realized premium, co-pay, and out of pocket savings estimates self-reported by consumers that worked with Chapter Advisory LLC to enroll in a Medicare Supplement, Medicare Advantage, and/or Part D Prescription Drug Plan. The average is limited to consumers that chose to self-report. Savings information is subject to periodic updates and corrections. There is no guarantee of savings and any savings may vary by policy type, state, or other factors.
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If you need help with Medicare, please contact Medicare, your local State Health Insurance Program (SHIP), your current Medicare insurance agent/broker/plan, or feel free to contact my Medicare partner, Chapter, at:
844-731-4987
Chapter: Memoir, Inc. d/b/a Chapter is a privately-owned, data and technology-enabled advisory that helps older Americans navigate retirement. Insurance agency services are provided by Chapter Advisory, LLC, a licensed health insurance agency and wholly owned subsidiary of Memoir, Inc. In California, Chapter Advisory, LLC does business as Chapter Insurance Services (Lic. No. 6003691). The information on this site has been developed for general informational and educational purposes.
Chapter: Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov 1-800-Medicare
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