Thursday, August 28, 2025
The OBBB’s Temporary Senior Deduction: What You Need to Know
If you’re 65 or older, the One Big Beautiful Bill Act (OBBB) offers a temporary extra tax break from 2025 through 2028. Taxpayers aged 65 or older at the end of the year can claim an additional $6,000 deduction per person. This is in addition to your standard deduction and the existing extra standard deduction for age or blindness. If you and your spouse are both 65+, you could receive an extra $12,000 in deductions. You’re considered 65 on the day before your 65th birthday. For example, if you turn 65
