President Donald Trump’s One Big, Beautiful Bill provides Americans with additional tax breaks for the 2025 tax year, set to last through 2028 and beyond.
According to a new study by SmartAsset, seniors can take advantage of the new $6,000 senior deduction. For many, that deduction translates to more than $1,300 in annual tax savings, but the exact benefit varies by state. This is in addition to savings from the standard deduction, itemized deduction and existing senior deduction. It also accounts for both married couples and single seniors.
