vithalanin
Employee Tax Expert

[Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill

The bonus deduction of $6000 is an additional deduction to the standard deduction for each taxpayer on the return over the age of 65 with a valid Social Security number. So for married filing jointly where both taxpayers are over 65, the amount will be $12,000 in bonus deduction.

So in your case, married filing jointly with both of you being over 65,

agi line #11 $83,710

the standard deduction for 2025 is $34,700 plus additional bonus deduction of $12,000

So taxable income, line #15 will be $37,010

 

Tax refund will not go up by the bonus deduction.