New For Seniors!

 65 or older? - up to $46,700 in deductions!

Example - married filing jointly:

1. Standard Deduction     31,500
2. Additional Deduction     3,200
3. New Deduction               12,000 (2025 - 2028)

                     Total:                           46,700

• Seniors age 65 and older can now take an additional $6,000 deduction on top of their standard or itemized deductions, based on changes from the One Big Beautiful Bill.
• The new deduction for seniors over 65 will start to phase out for those with higher incomes.
• The 2025 senior deduction starts to decrease for taxpayers with a Modified Adjusted Gross Income (MAGI) over $75,000 (Single)/$150,000 (Married Filing Jointly).

Don't forget this when filing your 2025 taxes