The Senate version of the “One Big Beautiful” budget bill includes a larger “senior bonus” tax deduction of $6,000 for seniors 65 and older ($12,000 for married seniors) beginning in 2025, an increase over the version from the House of Representatives, which featured a $4,000 deduction.
This deduction is in addition to the standard deduction and additional deductions for seniors under current law. The bill also permanently extends the standard deduction and many other features of the 2017 Tax Cuts and Jobs Act that were scheduled to expire after this year.
