The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.

OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.

The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.

New tax rules for seniors bring bigger deductions, potential refunds & planning opportunities, with impacts on retirement ...

CNBC’s Sharon Epperson explains the standard deduction for 2025 tax returns. For more Tax Tips, go to cnbc.com/money101 to ...

It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful bill" may affect how they file.