Turning 65 in 2025? Here’s How the New OBBBA Deduction Could Save You Thousands
If you’ll be age 65 or older by December 31, 2025, there’s a brand-new reason to celebrate besides your birthday. The recently passed One Big Beautiful Bill Act (OBBBA) created a powerful new bonus deduction designed specifically for seniors. Starting with the 2025 tax year, qualifying taxpayers can claim an extra deduction of up to
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