Your Total 2026 Deduction
$0
$0
Additional Senior Deduction
$0
Estimated Tax Savings vs Under-65
Phase-out applies:
Deduction Breakdown
Standard Deduction (2026)$0
Additional Senior Deduction$0
Additional Blind Deduction$0
OBBBA Senior Bonus$0
Phase-out Reduction$0
Total Combined Deduction$0
Estimated Federal Tax (2026)
Modified Adjusted Gross Income$0
Total Deduction$0
Taxable Income$0
Estimated Federal Tax$0
Effective Tax Rate0%
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Frequently Asked Questions
Who qualifies for the OBBBA senior tax deduction?
Taxpayers aged 65 or older qualify for the OBBBA senior bonus deduction. The full deduction is available to single filers with MAGI below $75,000 and married filing jointly filers with MAGI below $150,000. Above those thresholds, the deduction phases out at a rate of 6% (you lose 6 cents of the deduction for every $1 over the threshold). At least one spouse must be 65+ for MFJ filers.
How much is the senior deduction in 2026?
For 2026, eligible single seniors can receive up to $6,000 in OBBBA bonus deduction, and married filing jointly couples can receive up to $12,000. This stacks on top of the standard deduction ($16,100 single / $32,200 MFJ) and the existing additional senior deduction (~$2,000 single / ~$1,600 each for MFJ). A single filer aged 65+ could receive a total deduction of up to $24,100.
Does Social Security count toward MAGI?
Yes, the taxable portion of your Social Security benefits counts toward your Modified Adjusted Gross Income (MAGI). However, only up to 85% of your Social Security benefits can be taxable depending on your combined income, so the full benefit amount is not counted dollar-for-dollar. Use this calculator to see how your MAGI affects your OBBBA deduction eligibility.
Can I get this AND the standard deduction?
Yes! The OBBBA senior bonus deduction stacks on top of the standard deduction. You receive your regular standard deduction + the additional senior deduction (existing law) + the new OBBBA bonus deduction. They all combine for a significantly larger total deduction. You do NOT need to itemize to claim any of these.
When does the OBBBA senior deduction expire?
The OBBBA senior bonus deduction is available for tax years 2025 through 2028. Unless Congress passes new legislation to extend it, the deduction will expire after the 2028 tax year. It is recommended to take full advantage of this deduction while it is available.
