Bonus Deduction for Senior Taxpayers

A new “senior bonus deduction” for taxpayers age 65 and older was introduced with the 2025 tax legislation and this is the time to take advantage of it. For the 2025–2028 tax years, seniors can now claim up to $6,000 (individuals) or $12,000 (married couples where both qualify), on top of existing age-based standard deductions.

 Key points:

• Eligible if you’re 65 or older by December 31, 2025.
• The deduction is $6,000 for singles and $12,000 for qualifying married couples.
• It phases out for Modified Adjusted Gross Income above $75,000 (singles) and $150,000 (married filing jointly); it ends completely at $175,000 and $250,000.

• Social Security Number(s) must be included; married couples must file jointly.
• The deduction applies whether you itemize or take the standard deduction.
• It’s temporary—only available from 2025 through 2028 unless extended by Congress.

For example, a single filer age 65+ may deduct up to $23,750 if below the income limits ($15,750 base + $2,000 extra age deduction + $6,000 bonus).

Be sure to consult a tax professional for specific advice.