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Senior Bonus Deduction: How the New $6,000 Break Works With Existing 65 . . . OBBB’s Senior Bonus Deduction adds a temporary $6,000 per-person tax break for taxpayers age 65+ from 2025–2028, and it does not replace the existing 65+ additional standard deduction, it supplements it Seniors who take the standard deduction may see especially strong combined value, while itemizers still benefit from the bonus on its own
Find Out If You Qualify for the New Senior Tax Break A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering potential savings for retirees 65 and older
What Is the 2025 Standard Deduction For Over 65? | H R Block® Seniors age 65 and older can now take an additional $6,000 deduction on top of their standard or itemized deductions, based on changes from the One Big Beautiful Bill The new deduction for seniors over 65 will start to phase out for those with higher incomes
2025 Senior Tax Deduction: $6,000 Bonus for Age 65+ This section explains how to weigh the 2025 standard deduction amounts, the additional standard deduction for age, and the new bonus when deciding whether to itemize
What to Know About the New $6,000 Tax Deduction - AARP 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 filers) It applies regardless of whether you itemize or take the standard deduction
2025 Tax Law Adds New $6,000 Additional Deduction for Seniors The new $6,000 additional deduction for seniors is one of the most generous targeted tax breaks in years for retirees For those who qualify, it could mean thousands in tax savings annually and even more when combined with other credits and deductions
New Senior Bonus Tax Deduction for 2025: Benefits and implications Starting in 2025, this bonus will allow eligible seniors to claim up to $6,000 in tax deductions if filing as single, or $12,000 for married couples where both spouses are aged 65 or older Unlike other tax breaks, this benefit is available even for those who don’t itemize deductions