2025 Senior Deduction
Beginning with tax year 2025 through tax year 2028, there is a new temporary senior deduction for those who are age 65 or older by year-end and have a valid Social Security number. It can be claimed whether itemizing deductions or using the standard deduction.
The senior deduction amount is a MAXIMUM of:
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$6,000*
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$12,000** (if married filing jointly and BOTH spouses are 65 or older)
*For those who are single, the $6,000 maximum deduction is reduced once modified adjusted gross income (MAGI) exceeds $75,000. It is eliminated once MAGI reaches $175,000. The $6,000 deduction is reduced by 6 percent for each dollar above $75,000. For example, if MAGI is $100,000, the $6,000 deduction is reduced by $1,500 ($100,000 - $75,000 = $25,000 x 6% = $1,500). Therefore, the senior deduction will be $4,500 ($6,000 - $1,500).
**For those who are married filing jointly AND both spouses are 65 or older, the $12,000 maximum deduction is reduced once modified adjusted gross income (MAGI) exceeds $150,000. It is completely eliminated once MAGI reaches $250,000. The $12,000 deduction is reduced by 6 percent for each dollar above $150,000. For example, if MAGI is $190,000, the $12,000 deduction is reduced by $2,400 ($190,000 - $150,000 = $40,000 x 6% = $2,400). Therefore, the senior deduction will be $9,600 ($12,000 - $2,400).
NOTE: If an individual is using the "Married Filing Separately" filing status, this deduction CANNOT be claimed.
