IRS Introduces New Tax Deductions for Seniors Under One Big Beautiful Bill Act

New IRS tax deductions introduced from 2025 through 2028 aim to provide relief for seniors aged 65 and older, with benefits including a $6,000 deduction per individual, potentially doubling for couples. Income limits apply, with full deductions available for singles earning under $75,000 and couples under $175,000, phasing out at higher incomes. These changes, part of the One Big Beautiful Bill Act, may increase refunds or reduce taxable income, with total deductions for seniors reaching up to $31,625 depending on eligibility and other deductions. States may adopt these federal changes variably.