7 Big Changes for the 2026 Tax Season ! What to know about the new deductions from the One Big Beautiful Bill and other key tax breaks

  1. Higher standard deduction

If you are 65 or older, or blind, you get a bigger standard deduction — an extra $2,000 for single filers and heads of household, or $1,600 more for each qualifying spouse on a joint return (for a total of $3,200). The extra deduction is doubled for those who are both 65-plus and blind, to $4,000 for an individual and $3,200 for each qualifying spouse filing jointly.

  1. ⁠New deduction for older taxpayers

If you’re 65 or older at the end of 2025, you might qualify for a new federal income tax deduction of up to $6,000 if you file an individual return, or up to $12,000 if your spouse is also 65 or older and you file jointly.

3.3. Higher SALT deduction cap

If you itemize on your tax return, you can deduct certain state and local taxes (SALT) you paid during the year. This includes state and local income or sales taxes (whichever is higher), real estate taxes and qualified personal property taxes.

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