The tax law known as the One Big Beautiful Bill Act (OBBBA),
signed into law on July 4, 2025, by President Donald Trump, incorporates a series
of tax changes aimed at providing financial support to certain groups of
taxpayers. One of the most significant elements of this legislation is an
additional deduction specifically designed for individuals aged 65 and older,
which will be available temporarily on tax returns for the 2025, 2026, 2027,
and 2028 tax years.
Specifically, this provision allows senior taxpayers to
claim a special deduction of up to an additional $6,000 when preparing their
federal income tax return. This deduction is in addition to the standard
deduction or itemized deductions that the taxpayer may already be claiming,
with the goal of reducing the federal tax burden at this stage of life.
For married couples filing jointly—and where both spouses
are at least 65 years old—the benefit can reach up to $12,000 in additional
deductions, provided they meet the requirements established by law.