Seniors to Receive Larger Standard Deduction Under New Tax Law

Texas Border Business Texas Border Business The “One, Big, Beautiful Bill Act” (OBBB), signed into law on July 4, 2025, introduces a significant new benefit for older taxpayers who claim the standard deduction. According to the law, “for years 2025 through 2028, taxpayers age 65 and older can claim an additional $6,000 standard deduction ($12,000 … Continue reading Seniors to Receive Larger Standard Deduction Under New Tax Law