How to pay less taxes with your Boomer Bonus!

Imagine getting an extra $6,000–$12,000 tax deduction just for being born at the right time. No lotto win. No extra hours at work. No sugar daddy required. Just a savvy tax move for Boomers and near-Boomers that could seriously boost your bottom line — financially speaking.

In Queer Money® Episode 617, we break down exactly how the New Boomer Bonus Deduction (2025–2028) works, who qualifies, and the five smartest ways to maximize it like you’re working it on Tax Day. Plus, we walk through three real-ish scenarios to show how smart planning could save you thousands.

If you're 65+ (or within the next four years), this deduction may be your built-in financial facelift — no stitches required.

What You’ll Learn

• What the Boomer Bonus deduction is and how it works (2025–2028)
• Income thresholds, phase-outs, and who qualifies
• The 5 best strategies to maximize your tax savings
• How to use the deduction with Roth conversions, capital gains timing, and more
• 3 sample scenarios showing how Boomers could save thousands

Key Takeaways

• ✔️ A $6,000–$12,000 deduction can offset Roth conversions
• ✔️ Smart capital-gains timing can help keep you in the 0% bracket
• ✔️ This deduction stacks on top of both standard and itemized deductions
• ✔️ The window is temporary: 2025–2028 only
• ✔️ Proper income planning = real money back in your pocket

Chapters:

• 0:00 - Intro
• 00:14 - The Boomer Bonus Deduction
• 02:08 - Maximizing the Boomer Bonus
• 03:02 - Strategies for Managing Your Income and Deductions
• 06:05 - Real Life Tax Scenarios
• 07:35 - Understanding the Boomer Bonus: Maximizing Your Tax Benefits
• 09:30 - Wrap up

👉 Grab your free Happy Gay Retirement Calculator: queermoneypodcast.com/hgrcalc

Mentioned in this episode:

Ready to retire where you can be yourself... fully?

Learn more about the Portugal Golden Opportunites Fund with Optimize

Get Your Portugal Golden Visa Here!