The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and ...

In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

For seniors across the country, perhaps the most noteworthy aspect of the new bill is the additional deduction for this demographic. Taxpayers who are 65 or older can now claim an additional $6,000 as ...

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Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.