Key New Deductions & Credits (2025–2028) Provision What’s New Who Benefits Senior Bonus Deduction Filers age 65+ can claim an additional standard deduction — $6,000 (Single) or $12,000 (MFJ). Phases out for MAGI > $75K / $150K. Retirees, seniors Overtime Deduction New above-the-line deduction up to $12,500 for qualified overtime compensation. Middle-income earners Auto Loan Interest Deduction New above-the-line deduction up to $10,000 for interest on qualified passenger-vehic

When disaster strikes, financial recovery can feel overwhelming. Thankfully, the One Big, Beautiful Bill Act (OBBBA)  has extended key...