What the $6,000 deduction actually does The proposed deduction allows qualifying seniors to reduce their taxable income by up to $6,000. That does not mean $6,000 back in your pocket. It means ...

Jul 14, 2025 · New deduction: Effective for 2025 through 2028, individuals who are age 65 and older may claim an additional deduction of $6,000. This new deduction is in addition to the current …

Dec 30, 2025 · Joint filers over 65 will be able to deduct up to $46,700 from their 2025 return. The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful …

14 hours ago · A new $6,000 tax deduction helps seniors 65 and older save money on taxes. It can give an average refund of $670 and more for some. The deduction works for single filers and married …

Jul 8, 2025 · Adults 65 and older may qualify for a new $6,000 deduction, in addition to existing standard deductions. The deduction phases out for incomes above $75,000 (single filers) or $150,000 (joint …

Jan 5, 2026 · Takeaways A new, temporary federal tax deduction of up to $6,000 is available annually for taxpayers age 65 and older from 2025 through 2028. This deduction is an addition to the standard …

Jan 2, 2026 · As Kiplinger has reported, taxpayers 65-plus who typically claim the standard deduction can claim the up to $6,000 bonus deduction (or $12,000 for married couples when both are age 65 …

Jul 15, 2025 · Beginning in 2025, taxpayers aged 65 or older will be eligible for a new $6,000 federal tax deduction. This deduction is designed to reduce taxable income and is stacked on top of the …

Jun 12, 2025 · OBBB permanently extends the doubled standard deduction from TCJA. It also provides an extra $750 to the standard deduction for single taxpayers and $1,500 for married couples in 2025 …

Jul 7, 2025 · Experts say the federal government is sending mixed messages about the “elimination” of taxes on Social Security benefits. Taxpayers 65 and older with income under $75,000 (or $150,000 …