10/21/2026
💰 A New Tax Break for Seniors in 2026. Are You Eligible?
If you're 65 or older, there's an important tax deduction worth knowing about!
Under the new tax law, eligible taxpayers age 65 and older may qualify for an additional $6,000 deduction, or up to $12,000 for married couples filing jointly when both spouses qualify.
But there are a few things to understand:
✅ The deduction is available for tax years 2025 through 2028.
✅ Income limits apply, with the deduction beginning to phase out above $75,000 for individual filers and $150,000 for joint filers.
✅ Social Security benefits have NOT become automatically tax-free.
Understanding how tax changes affect your retirement income is an important part of financial planning.
At SIS Financial Group, we believe staying informed helps you make more thoughtful decisions about your financial future.
👉 Read more: https://www.gobankingrates.com/retirement/social-security/2026-senior-tax-deduction-social-security-retirement-planning/
Older Americans can expect some important tax changes in 2026, largely due to provisions in last year's One Big Beautiful Bill Act (OBBBA). One of the biggest changes is a new tax deduction that specifically targets seniors. Whether you're a retired senior or still working, you'll want to fam...