8/22/25

The New $6,000 Senior Tax Deduction You Need to Know About

The One Big Beautiful Bill introduced a powerful new tax break for retirees: the Senior Deduction. If you’re age 65 or older, you can claim an extra $6,000 on top of your standard or itemized deduction beginning in 2025. Married couples where both qualify can double that to $12,000. But this deduction isn’t permanent — it phases out at higher income levels and disappears after 2028. In this vlog, I break down who qualifies, how the income limits work, and how much you could save.

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IRS Confirms No Tax on Overtime Starting in 2025