Senior citizens stand to benefit financially in the 2026 tax season thanks to provisions from the One Big Beautiful Bill (OBBB) Act, nonprofit advocacy AARP said in a statement on Jan. 15.
OBBB, signed into law by President Donald Trump in July 2025, “increased inflation adjustments for the standard deduction, and a new bonus senior deduction will allow tens of millions of seniors to save hundreds of dollars on their taxes this year,” AARP said.
