Our question this week comes from Sylvia in Porterville. “Can you please explain what ‘enhance tax deductions for seniors’ means? It sounds no different than no tax for seniors. When does this take effect?”
H.R. 1’s tax provisions puts money back into the pockets of hard working Americans, but notably increases tax deductions for seniors. H.R. 1 introduces a $6,000 deduction for eligible individuals 65 and older on top of the increased standard deduction rate set by the Tax Cuts and Jobs Act (TCJA). The goal of this deduction is to provide targeted tax relief to seniors whether they are claiming the standard deduction or not. This deduction is available to claim from 2025 to 2028 and excludes single filers making over $75,000 and joint filers making over $150,000.
This new deduction is a broader commitment to supporting older Americans who have contributed to our communities and economy for decades. As the cost of living continues to rise, especially for those on fixed incomes, it's important that our tax code offers relief where it’s most needed. By easing the financial burden on seniors, H.R. 1 helps ensure they can better afford essential services like healthcare, housing, and groceries.