What's the new tax law for the senior deduction?
This is a new deduction for taxpayers 65 and older. It’s available for tax years 2025 through 2028.
Deduction amount
Individual:
Get up to $6,000 for each qualifying individual.
The deduction begins to phase out when your income reaches $75,000.
If your income is $175,000 or higher, you won’t qualify.
Married Filing Jointly
Get up to $12,000 if both spouses are age 65 or older.
The deduction begins to phase out when your income reaches $150,000.
If your income is $250,000 or higher, you won’t qualify.
How it works
If you qualify, you can get the senior deduction on top of the Standard Deduction or your itemized deductions.
For example, a single filer age 65+ could take the Standard Deduction ($15,750), the additional Standard Deduction for seniors ($2,000), and the new senior deduction ($6,000) for a total deduction of $23,750.
Who's eligible?
You must meet the following requirements:
Age: You must be 65 or older by December 31 of the tax year.
Filing status: Single, Head of Household, Qualifying Surviving Spouse, or Married Filing Jointly. (Married Filing Separately is not eligible.)
Social Security number: You must have a valid Social Security number and include it on your tax return.
How do I claim the senior deduction in TurboTax?
To claim this in TurboTax:
Go to the deduction selection screen.
Choose either the standard deduction or itemizing your deductions.
TurboTax will claim this deduction for you if you qualify.
