In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

For seniors across the country, perhaps the most noteworthy aspect of the new bill is the additional deduction for this demographic. Taxpayers who are 65 or older can now claim an additional $6,000 as a tax deduction above their standard deduction, effectively reducing their tax liability.

President Donald Trump pledged 'zero taxes' on Social Security benefits for seniors, claiming fulfillment through the 'One Big Beautiful Bill.'

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event. It was usually done for a specific policy reason related to the particular deduction.

Donald Trump’s big sweeping spending bill included a sweetener for many seniors across America. Individuals over the age of 65 can claim $6,000 as a tax deduction, as of their next tax filing, according to the Internal Revenue Service.

Employers are responsible for providing statements for workers to claim federal income tax deductions on overtime compensation.