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GULFPORT, Fla. — Some senior citizens may get more money back on their tax returns this year.
Seniors 65 and older can claim an additional $6,000 for a single person, and $12,000 for married couples, without having to itemize their deductions.
The new tax deduction is part of the “One Big Beautiful Bill Act” that was signed into law by President Donald Trump on July 4 of last year. To be eligible for the new senior tax deduction, you need to turn 65 by Dec. 31, 2025.
This tax write-off is in addition to the longtime standard deduction. It’s set to expire in 2028, when Trump’s term in office ends.
The take-home amount per senior depends on income. For example, the deduction is reduced if your modified adjusted gross income exceeds $75,000.
Michael Price, C.P.A with St. Pete-based Ralph, Price, McAuliffe & Associates, P.A., says the deduction is not like the child tax credit, which is historically dollar for dollar. It’s a deduction, which means the senior would receive a percentage back.
“I think they could be looking at for each individual, probably somewhere in the neighborhood of $600 to $1,000 would be my guess,” Price said.
Price says the 1040 tax forms also look different this year. He says seniors should take their time and not be afraid to ask for help with filing.
“The form has changed quite a bit from the prior years,” he said. “You definitely want to take your time and make sure that extra line with the senior deduction is filled out.”
Heads up seniors!
This year, seniors 65+ qualify for a $6,000 tax deduction. St. Pete based C.P.A Mike Price tells me he thinks that could be a take home of between $600 to $1,000 for the average senior.
Big tax breaks too for tipped workers and those making overtime @BN9 pic.twitter.com/l8N902Cjfv
— Angie Angers (@angie_angers) January 14, 2026
Shane Borchardt just retired last year. He said for the first time since he started working in 1976, he owed money after filing his 2024 taxes. Borchardt says he wishes taxes on social security would be eliminated altogether, but he’s happy to hear he qualified for the $6,000 deduction.
“We put into it our whole lives, we deserve to get something back,” he said. “At least they’re doing something.”
If a senior is filing jointly and using the additional standard deduction for seniors, and then the new enhanced deduction, Price says the take home could be significant.
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Angie Angers
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