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A new tax provision for the 2025 tax year offers a bonus deduction for Americans aged 65 and older, created by the One Big Beautiful Bill Act. Eligible seniors can claim up to $6,000 (individuals) or $12,000 (married couples) in addition to the standard deduction.
This benefit targets lower- and middle-income retirees, phasing out for single filers with a MAGI over $75,000 and joint filers over $150,000. The deduction applies regardless of filing method but is temporary, set to expire after the 2028 tax year unless extended by Congress.
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