Senior citizens can claim new $6,000 tax deduction this tax filing season
Daniella Lake
CATHEDRAL CITY, Calif. (KESQ) – This tax filing season, taxpayers over 65 years old can claim a new temporary $6,000 “senior bonus” deduction (or $12,000 for couples). The deduction is temporary, it will be effective for tax year 2025 to 2028.
This is just one of several changes when it comes to filing taxes this year. Cathedral City Senior Center says that keeping up with tax filing changes can be challenging for senior citizens.
“It’s a very scary time because every year there are changes in tax laws and they may not be aware of them,” says Geoff Corbin, CEO of the Cathedral City Senior Center.
Independent financial advisor Simon Hobbs recommends taxpayers work with a certified public accountant so they don’t miss out on important deductions. The IRS says that in 2021, nine million people qualified for tax benefits but didn’t claim them.