Major Tax Changes: The 2025 One Big Beautiful Bill (OBBB)
Darrow Wealth Management
JULY 24, 2025
The senior deduction is effective for years 2025 through 2028. The new law also adds post-secondary credentialing expenses such as certifications, licenses, exams, continuing education, and other costs. New Senior Deduction The OBBB introduced a new, temporary $6,000 deduction per person for taxpayers aged 65 and older.
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