For seniors across the country, perhaps the most noteworthy aspect of the new bill is the additional deduction for this demographic. Taxpayers who are 65 or older can now claim an additional $6,000 as a tax deduction above their standard deduction, effectively reducing their tax liability.

A new temporary tax deduction for seniors offers relief, but it’s not a direct cash payment. Knowing the rules is key to understanding its impact on taxes and Social Security.

The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in effect for the 2025 filing season. Aimed at middle-class workers, boomers and retirees,

A new, temporary "senior bonus" deduction of up to $6,000 will apply to taxpayers ages 65 and older in 2025, 2026, 2027 and 2028. It ends after that without congressional action.

Donald Trump’s big sweeping spending bill included a sweetener for many seniors across America. Individuals over the age of 65 can claim $6,000 as a tax deduction, as of their next tax filing, according to the Internal Revenue Service.

The One Big Beautiful Bill adds a new tax deduction for seniors, but it may accelerate Social Security’s insolvency by reducing funds that support the program.

Find out the truth behind the senior $6,000 Bonus in the Big Beautiful Bill, including who qualifies and how much it could really lower your taxes (if at all).