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
3 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,...
One, Big, Beautiful Bill Act: Tax deductions for working Americans and ...
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 …
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 …
The $6,000 "Senior Bonus": How to Claim the New 2026 IRS Tax Shield ...
1 day ago · The OBBBA's new $6,000 Senior Bonus is here for 2026. Learn if you qualify, how the phase-outs work, and why you need Schedule 1-A to claim.
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 …
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 older adults must know about 2025 tax rules to get a tax break
3 days ago · A new, temporary 'senior bonus' will enable many taxpayers age 65 and older to deduct up to $6,000 in income from their federal returns. You must file a new Schedule 1-A. The new enhanced ...
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 …