Qualifying seniors will receive an additional deduction to the standard deduction, starting in 2025. The additional deduction is $6,000 (single) or $12,000 (joint) for taxpayers 65+, phased out at starting at $75,000 MAGI (single) and $150,000 MAGI (MFJ).
Example: A 68-year-old single filer with $60,000 MAGI gets an extra $6,000 deduction.