What the new $6,000 tax deduction could mean for older Americans
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 ...
How the $6,000 senior tax deduction works, and who benefits most
1 day 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 …
The new $6,000 senior tax deduction: who qualifies and how to claim it
2 days ago · 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 Bill Act,...
How the New $6,000 'Senior Bonus' Tax Deduction Works | Kiplinger
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 …
What to Know About the New $6,000 Tax Deduction - AARP
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 …
Some Older Adults May Qualify for a New $6,000 Tax Break
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 …
The New $6,000 Senior Tax Deduction Explained
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 …
Enhanced Deduction for Seniors – Frequently Asked Questions (FAQ)
What is the Enhanced Deduction for Seniors? The Enhanced Deduction for Seniors increases the amount of income you can earn before paying federal income tax. It is available to taxpayers age 65 …
The 2025 Tax Bill: Additional $6,000 Deduction for Seniors, Simplified
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 …
What to know about the $6,000 ‘senior deduction’ in GOP megabill
Jul 2, 2025 · The latest version of the GOP’s “big, beautiful bill,” which passed both houses of Congress this week and is headed to President Trump for his signature on Friday, includes a $6,000 tax...