IRS Expands 2026 Senior Tax Deductions

Bigger Tax Breaks Coming for Seniors

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Key Highlights

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Why It Matters

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Who Qualifies

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Plan Smart with Jarrar CPA

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IRS Expands 2026 Senior Tax Deductions

IRS Expands 2026 Senior Tax Deductions

Bigger Tax Breaks Coming for Seniors

Bigger Tax Breaks Coming for Seniors

The IRS has announced higher standard deductions for seniors starting in 2026. This means older taxpayers will keep more of their income and pay less in taxes. It’s a welcome change for retirees managing rising costs.

The IRS has announced higher standard deductions for seniors starting in 2026. This means older taxpayers will keep more of their income and pay less in taxes. It’s a welcome change for retirees managing rising costs.

Key Highlights

Key Highlights

Deduction increases for all filers aged 65 and older

Deduction increases for all filers aged 65 and older

Effective for the 2026 tax year

Effective for the 2026 tax year

Designed to offset inflation and higher living costs

Designed to offset inflation and higher living costs

Married couples can claim higher combined savings

Married couples can claim higher combined savings

Why It Matters

Why It Matters

The update gives seniors more breathing room. With prices climbing, the IRS aims to ease financial pressure. The larger deduction helps protect your retirement income from unnecessary taxes.

The update gives seniors more breathing room. With prices climbing, the IRS aims to ease financial pressure. The larger deduction helps protect your retirement income from unnecessary taxes.

Who Qualifies

Who Qualifies

Must be 65 or older by December 31, 2026

Must be 65 or older by December 31, 2026

Bigger savings for married couples filing together

Bigger savings for married couples filing together

Applies to both single and joint filers

Applies to both single and joint filers

Plan Smart with Jarrar CPA

Plan Smart with Jarrar CPA

Get ahead of the 2026 tax changes with Jarrar CPA. Our experts help you save more and plan smarter.

Get ahead of the 2026 tax changes with Jarrar CPA. Our experts help you save more and plan smarter.

Visit us: www.jarrarcpa.com

Visit us: www.jarrarcpa.com