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Kiplinger
Kiplinger
Business
Kelley R. Taylor

Retirees Should Watch These Four Key Tax Changes in 2025

Donald Trump capital gains
Picture of scissors cutting paper with "tax" written on it.

If you’re 65 or older, 2025 is shaping up to bring several important tax changes that could impact your finances.

Here’s a look at four key tax updates — three are from President Donald Trump’s new tax legislation, known by some as the “One Big Beautiful Bill” (OBBB). Another potential change, not in the bill, is also getting a lot of attention.

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