New Tax Deductions for Seniors

Starting with 2025 taxes (filed in 2026):

• Age 65+ may get an extra $6,000 deduction.
• Married couples may get $12,000 if both are 65+.
• Full amount if income is $75,000 or less (single) or $150,000 or less (married filing jointly).
• The deduction phases out around $175,000 (single) and $250,000 (married).
• You must file a federal tax return to receive it.

Higher Standard Deduction

• Seniors already receive a larger standard deduction at age 65, which lowers taxable income.

Credit for the Elderly or Disabled

• Low-income seniors may qualify.
• This credit directly reduces the amount of tax owed.

Property Tax Relief

• Many cities or counties offer property tax exemptions or reductions for seniors. Check with your local county office.

What to Do

• File a federal tax return.
• Make sure your age is entered correctly.

Visit the link below for more information. 

https://www.irs.gov/newsroom/one-big-beautiful-bill-act-tax-deductions-for-working-americans-and-seniors