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Kiplinger
Kiplinger
Business
Spencer Ford

65 or Older? Cut Your Tax Bill Before the Clock Runs Out

Social Security OBBB Kiplinger
(Image credit: Getty Images)

The One Big Beautiful Bill that Congress passed last summer made a number of wide-ranging changes to tax law — some permanent, some temporary.

But a few provisions are especially relevant for anyone in or near retirement. In particular, Americans age 65 and older are eligible for an extra $6,000 deduction. (Married couples filing jointly get an extra $12,000 deduction if both spouses are at least 65.)

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