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Trump's $6,000 Tax Deduction for Seniors Starts 2025

12/12/2025

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Summary

Story summary

U.S. President Donald Trump’s One Big Beautiful Bill Act would provide Americans 65 and older a $6,000 bonus tax deduction starting in 2025.
The deduction applies to individuals earning under $75,000 and joint filers under $150,000, with higher incomes phasing it out.
The deduction is in addition to the standard deduction, which will increase because of inflation.
Experts advise Roth conversions to maximize benefits before the 2028 phase-out.

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Story summary

U.S. President Donald Trump’s One Big Beautiful Bill Act would provide Americans 65 and older a $6,000 bonus tax deduction starting in 2025.
The deduction applies to individuals earning under $75,000 and joint filers under $150,000, with higher incomes phasing it out.
The deduction is in addition to the standard deduction, which will increase because of inflation.
Experts advise Roth conversions to maximize benefits before the 2028 phase-out.