The ' One Big Beautiful Bill Act ' (OBBBA), signed into law on July 4, 2025, introduces a new $6,000 tax deduction for seniors. This measure, designed to provide financial relief, is …

1 day ago · Seniors 65+ could get a $6,000 tax deduction under Trump's new bill. Find out if you qualify based on income and how to claim it on your 2025 return.

Dec 12, 2025 · To be eligible for the new senior deduction, you need to turn 65 on or before Dec. 31, 2025, and file as an individual, head of household, surviving spouse or a married couple …

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 …

Oct 27, 2025 · Learn about the new $6,000 bonus deduction, income limits, and increased 2026 standard deduction amounts.

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 …

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 …

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 …

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 …

Dec 17, 2025 · Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the deduction.