The passing of the One Big Beautiful Bill has enacted, adjustments to the standard deduction for 2025 and future years.
Here is a summary of the changes:
- Married Filing Jointly: The base standard deduction for married couples filing jointly is now $31,500.
- Additional Deductions for Age or Blindness: You can still claim an additional deduction for being 65 or older and/or blind.
- For a married couple filing jointly, the additional amount is $1,600 per qualifying individual.
- If both spouses are 65 or older, you would add $3,200 to the standard deduction ($1,600 x 2).
- New "Bonus" Deduction for Seniors: The OBBBA introduced a new, temporary "bonus" deduction for taxpayers 65 and older.
- This deduction is $6,000 per qualifying individual, or $12,000 if both spouses are 65 or older.
- This bonus is available even if you itemize.
- It begins to phase out for couples with a modified adjusted gross income over $150,000.
In your scenario:
- Your Base Standard Deduction: $31,500
- Additional Deduction for Age/Blindness: You would add the $1,600 for each spouse who is 65 or older.
- New Bonus Deduction: You can add the $6,000 for each spouse who is 65 or older, provided your income is below the phase-out threshold.
Therefore, for a married couple where both are 65 or older, the total standard deduction could be up to $46,700 ($31,500 + $3,200 + $12,000). (The age/blindness deduction is $2,000 for each condition, if your filing status is single or head of household for 2025.)
For additional information see:
Please feel free to reach back out with any additional questions.
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Terri Lynn
