For the 2025 tax year, a new federal tax deduction of $6,000 is available for taxpayers aged 65 and older, couples where both spouses qualify can claim up to $12,000 total, and the deduction phases out for taxpayers with modified adjusted gross income above $75,000 for single filers and $150,000 for joint filers.
January 01, 2025
high
temporal
Age-based federal tax deduction affecting taxation of Social Security income for older taxpayers.