Existing Additional Standard Deduction for Seniors (age 65 or older or blind):
Single or Head of Household: $2,000
Married Filing Jointly or Separately: $1,600 per qualifying individual
Note:If you are 65 or older AND blind, this amount doubles to $4,000 for single filers or heads of household, and $3,200 per qualifying individual for married filers.
New Bonus Standard Deduction (OBBB):
An additional $6,000 deduction for taxpayers 65 and older.
This is per eligible individual, meaning a married couple both over 65 could get $12,000.
Important:This bonus deduction is temporary, lasting from 2025 through 2028.
Income limitations:It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
Combining these:
A single filer, 65 or older, with income below the phase-out threshold:
Regular standard deduction: $15,750
Additional standard deduction for seniors: $2,000
Bonus standard deduction: $6,000
Total:$23,750
A married couple filing jointly, both 65 or older, with income below the phase-out threshold:
Regular standard deduction: $31,500
Additional standard deduction for seniors (both qualify): $3,200 ($1,600 x 2)
Bonus standard deduction (both qualify): $12,000 ($6,000 x 2)
Total:$46,700
Note:This new $6,000 bonus deduction applies whether you take the standard deduction or itemize your deductions.
