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New $6,000 Tax Deduction Boosts Senior Refunds in 2025

1/16/2026

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Summary

Story summary

A new $6,000 tax deduction for Americans aged 65 and older could raise refunds by $670.
AARP notes those in the 22% bracket could save $1,320.
The deduction applies for 2025 to individuals under $75,000 and couples under $175,000, phasing out higher incomes.
Eligible seniors can claim it with the standard deduction, totaling $23,750 for singles and $46,700 for couples.
The IRS begins accepting tax filings on January 26, 2026.

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Story summary

A new $6,000 tax deduction for Americans aged 65 and older could raise refunds by $670.
AARP notes those in the 22% bracket could save $1,320.
The deduction applies for 2025 to individuals under $75,000 and couples under $175,000, phasing out higher incomes.
Eligible seniors can claim it with the standard deduction, totaling $23,750 for singles and $46,700 for couples.
The IRS begins accepting tax filings on January 26, 2026.