Seniors can save big on taxes using these three tactics
USA TODAY
Three items just for older Americans that can help seniors cash in.
Tax season can be painful for many Americans. But it can also come with perks for some.
Americans ages 65 years and older could save money by claiming the extra standard deduction this year, as well as another deduction triggered by the One Big Beautiful Bill Act. And some ages 60 to 63 can take steps now for even more savings in 2027 using super catch-up contributions.
Those tactics can help seniors reduce overall taxable income, meaning lower taxes and more money in your wallet. Here's how seniors can save on taxes.
When filing taxes, everyone can reduce their taxable income by choosing between a fixed amount, called the standard deduction, or itemizing if their deductions are greater than the standard deduction.
According to the Internal Revenue Service, the standard deduction amounts for tax year 2025 are:
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