One Big Beautiful Bill Act: Deduction For Seniors

The legislation being referred to as One Big Beautiful Bill was signed into law on July 4, 2025, and brings significant changes to the tax code and beyond. Below is a summary of one of the new provisions from the One Big Beautiful Bill Act.

Deduction for Seniors

• 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 additional standard deduction for seniors under existing law.

  • The $6,000 senior deduction is per eligible individual (i.e., $12,000 total for a married couple where both spouses qualify).

  • Deduction phases out for taxpayers with modified adjusted gross income over $75,000 ($150,000 for joint filers).

• Qualifying taxpayers: To qualify for the additional deduction, a taxpayer must attain age 65 on or before the last day of the taxable year.

• Taxpayer eligibility: Deduction is available for both itemizing and non-itemizing taxpayers.

  • Taxpayers must:

    • include the Social Security Number of the qualifying individual(s) on the return, and

    • file jointly if married, to claim the deduction.

Please contact us if you'd like to better understand how this applies to your situation.