Install
Bonus Tax Relief for America’s Seniors Act
To amend the Internal Revenue Code of 1986 to increase the additional standard deduction for seniors.
- Introduced
- Committee
- Passed House
- Passed Senate
- To President
- Became law
Summary
Bonus Tax Relief for America’s Seniors Act
This bill increases to $5,000 (adjusted for inflation) the amount of the additional standard deduction allowed for individual taxpayers who are 65 years old or older.
Under the bill, the additional standard deduction amount of $5,000 applies to each individual taxpayer who is 65 years or older, regardless of filing status. Thus, married spouses who are both 65 years old or older and who file a joint income tax return may claim an additional standard deduction amount of $10,000 (adjusted for inflation).
As background, the basic standard deduction amount may be increased for taxpayers who attain the age of 65 before the end of the tax year (generally referred to as the additional standard deduction). Under current law, for 2025, the additional standard deduction amount is (1) $1,600 for individuals who are 65 years old or older, or (2) $2,000 if the individual is also unmarried and not a surviving spouse.
Summary by the Congressional Research Service, Library of Congress.
Actions
- Feb 7, 2025 Referred to the House Committee on Ways and Means.
- Feb 7, 2025 Introduced in House
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