NEW UNDER OBBBA

Senior $4,000 Bonus Deduction Calculator

The OBBBA creates a new $4,000 additional standard deduction for taxpayers age 65 and older. Married couples where both spouses are 65+ get $8,000 extra.

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See how the new $4,000 senior deduction reduces your tax bill.

OBBBA Senior Deduction — Key Details

→ The $4,000 bonus deduction is in addition to the standard deduction — it stacks on top.
→ It applies for tax years 2025 and beyond (permanent under OBBBA).
→ If you're married and both spouses are 65+, the deduction doubles to $8,000.
→ The deduction phases out for higher-income seniors — details vary by AGI level.
→ This is separate from and in addition to the existing extra deduction for seniors already in the tax code.
→ Social Security income calculation for taxation purposes may interact — consult a tax professional.