2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
For 2025 through 2028 there is an extra deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out above certain incomes.
Here's a chart to help illustrate.
Bonus deduction changes under the OBBBA
|
Filing Status
|
Base Standard Deduction (OBBBA)
|
Normal Extra Deduction for 65+
|
New Bonus Deduction ($6K/$12K)
|
Total Deduction (Age 65+) under the OBBBA for 2025
|
|
Single
|
$15,750
|
$2,000
|
$6,000
|
$23,750
|
|
Head of Household
|
$23,625
|
$2,000
|
$6,000
|
$31,625
|
|
Married Filing Jointly
|
$31,500
|
$3,200 (both 65+)
|
$12,000 (both 65+)
|
$46,700 (both 65+)
|
|
Row 3 - Cell 0
|
Row 3 - Cell 1
|
$1,600 (one 65+)
|
$6,000 (One 65+)
|
$39,100 (one 65+)
|
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
