💲 What to Know About the New $6,000 Tax Deduction (AARP Article)

[Winter2025VA]

FROM THE ARTICLE.

What to Know About the New Tax Deduction for Older Adults.

Who qualifies? How much is it? Does it affect Social Security?

By Rocky Mengle and Andy Markowitz, AARP.

*** There are 144 comments on the AARP website. Stop by to add yours. ***

Published July 08, 2025.

Millions of taxpayers ages 65 and older got a big tax break in the “One Big Beautiful Bill”: a new $6,000 tax deduction, effective this year.

The deduction, which AARP supported, will reduce tax bills for many older Americans, starting with their next tax filing and running through the 2028 tax year, after which it is set to expire.

USE LINK BELOW TO READ THE ARTICLE.

https://www.aarp.org/money/taxes/what-to-know-new-tax-law-2025.html

[usssa9]

The AARP Tax tool doesn't seem to have a space to allow for this deduction it seems? I can't find that it does. Does anyone know a better better estimating tool to use to add this in? I need to see how much or if I can roll over a little to Roth.

Thanks

[Winter2025VA]

This does NOT affect me but glad AARP published this information as I didnot know all this ENDS 2028.

Take care,

Nicole (Friends & Family Forum)