The $6,000 senior deduction beginning with tax year 2025 is actually a temporary personal exemption for individuals who are 65 years or older (subject to income limitations and identification requirements).
The personal exemption is in addition to the standard deduction for 2025. For a single filer over the age of 65, the standard deduction is added to the over-65 deduction and the temporary bonus deduction.
The full amount for filing single (and not blind) would be as follows:
Standard Deduction: $15, 750
Extra Deduction for 65 and older: $2,000
Temporary senior exemption: $6,000
For a total deduction of $23,750
The full amount for filing jointly (and not blind) would be as follows:
Standard Deduction: $31,500
Extra Deduction for 65 and older: $3,200
Temporary senior exemption: $12,000
For a total deduction of $46,700
You need to consider your total income since the temporary senior exemption is limited by Adjusted Gross Income. The senior exemption of $6,000 shall be reduced (but not below zero) by 6% of the taxpayer’s modified adjusted gross income (MAGI) that exceeds $75,000 ($150,000 in the case of a joint return).
The standard deduction mentioned above will be indexed for inflation after 2025.
Add the amount you plan to withdraw from your traditional IRA to your other sources of income to produce total income. The enhanced standard deductions mentioned above (depending on your filing status) will be subtracted from your total income to produce your taxable income.
You can use this link to estimate your tax liability based on your situation and the tax brackets listed in the link: What are the 2025 tax brackets and rates (for filing federal tax returns in 2026)?
