Beginning in tax year 2025, and continuing through 2028, individuals aged 65 or older by year-end may claim a new deduction of $6,000. On a joint return, each spouse may qualify, allowing for up to $12,000 in total deductions if both meet the age requirement (subject to IRS limitations and phaseouts).
Easy Tax Service in Prescott Valley can help if you have any questions about the temporary deduction for seniors. Our tax preparers have over fifty years of combined experience preparing taxes. Easy Tax Service is open year-round and committed to providing high-quality tax preparation service at a price you can afford. Please give us a call at 928-775-7000 to schedule an appointment today.