October 9, 2025 - The new deduction for seniors over ... The 2025 senior deduction starts to decrease for taxpayers with a Modified Adjusted Gross Income (MAGI) over $75,000 (Single)/$150,000 (Married Filing Jointly)....

Major Increase in the SALT Deduction: The State and Local Tax (SALT) cap increased from $10,000 to $40,000, allowing taxpayers who itemize their deductions to subtract certain state and local taxes, including property taxes, income taxes, and ...

2 days ago - The standard deduction for 2025 (taxes filed in 2026) is $15,750 for single filers and married people filing separately, $23,625 for heads of household, and $31,500 for those married filing jointly and surviving spouses.

July 25, 2025 - To be eligible for the new senior deduction, you need to turn 65 on or before Dec. 31, 2025, and file as an individual, head of household, surviving spouse or a married couple filing jointly.

October 29, 2024 - Initially for 2025, the standard deduction was set to rise by $400 to $15,000 for single filers, $800 to $30,000 for married couples filing jointly, and $600 to $22,500 for heads of household.

December 8, 2025 - Age and Blindness: Unlike the federal system, California does not offer an additional standard deduction amount for age 65 or older or for blindness.

3 days ago - On top of this, taxpayers aged 65 and older both itemizing and claiming the standard deduction may claim a new $6,000 deduction per qualifying taxpayer, phasing out at a six percent rate for those earning over $75,000 (single) and $150,000 (joint) ...

You do not qualify to claim the standard deduction · Visit 2024 Instructions for Schedule CA (540) or 2024 Instructions for Schedule CA (540NR) for more information. Last updated: 09/24/2025 · This link will take you to an external website that FTB does not own or control.

For single filers, the new deduction will increase to $5,260, while married couples filing jointly will see a higher deduction of $10,520. This increase is part of a broader effort to reduce the overall tax burden on residents.

Individual taxpayers age 65 or older may qualify for a new senior deduction of up to $6,000 for tax years 2025 through 2028, as introduced in the One Big Beautiful Bill Act (OBBBA).

3 weeks ago - The standard deduction is a crucial element in reducing taxable income. For seniors in California, this deduction is more generous than for younger taxpayers. Once you reach 65, you can qualify for a higher standard deduction.

September 9, 2025 - Effective for 2025 through 2028, individuals who are age 65 and older may claim an additional deduction of $6,000. This new deduction is in addition to the current additional standard deduction for seniors under existing law.

January 18, 2025 - For the year 2025, the detailed ... 15,750.00. The federal federal allowance for Over 65 years of age Single Filer in 2025 is $ 2,000.00...

1 week ago - Here are the IRS extra standard deduction amounts for 2025. (You'll use these numbers for tax returns typically filed in early 2026.) Also, for more detailed information on the current amounts, see Tax Deduction Change for Those Over Age 65.

September 10, 2025 - These changes reflect a general 2.8% increase due to inflation adjustments. Additionally, for those over 65, the standard deduction will be $17,000 for single filers and heads of household.

January 30, 2025 - The standard deduction reduces your taxable income, which results in a lower amount of taxes owed. For the 2025 tax year, the standard deduction in California is:

New deduction: Effective for 2025 through 2028, individuals who are age 65 and older may claim an additional deduction of $6,000. This new deduction is in addition to the current additional standard deduction for seniors under existing law.

1 month ago - How the Big Beautiful Bill Affects ... can claim a total standard deduction that combines the base standard deduction, an existing age-based additional standard deduction, and a new temporary “bonus” deduction....

2 weeks ago - Several amounts have been adjusted for inflation, and California continues to maintain key differences from federal tax rules, particularly for itemized deductions and state-specific credits. Taxpayers are encouraged to review both options carefully and consider electronic filing, which helps ensure accuracy, speeds up refunds, and reduces processing delays with the California Franchise Tax Board (FTB). ... The standard deduction is a fixed dollar amount that reduces your taxable income and simplifies filing by eliminating the need to track individual deductible expenses.