Will you be age 65 or older on December 31, 2025? If so, you may find some good tax news.
For 2025–2028, the One Big Beautiful Bill Act (OBBBA) allows you, if not phased out, to claim a special bonus deduction of up to $6,000. The deduction is available whether you itemize or not.
If You’re Married
If you and your spouse are both age 65 or older, you can potentially claim two $6,000 bonus deductions for a combined total of up to ... Log in to view full article.