Florida seniors may see larger tax returns this year thanks to a new deduction included in federal tax law.

Taxpayers age 65 and older can claim an additional $6,000 deduction for single filers and $12,000 for married couples filing jointly, without itemizing. The deduction is part of the “One Big Beautiful Bill Act” signed into law by President Donald Trump on July 4, 2025. To qualify, individuals must turn 65 by December 31, 2025.

The deduction supplements the existing standard deduction and is scheduled to expire in 2028. The benefit is reduced for those with modified adjusted gross income exceeding $75,000.

According to Michael Price, a CPA with Ralph, Price, McAuliffe & Associates in St. Petersburg, the actual benefit varies by income level. He estimates most eligible seniors could receive between $600 and $1,000 back, as this is a deduction rather than a dollar-for-dollar credit.

Tax forms have changed this year, and Price advises seniors to review them carefully and seek assistance if needed when claiming the deduction.

The new provision is separate from other tax changes affecting tipped workers and overtime pay.

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