If you or someone you know is 65 or older, the IRS has made the standard tax break even better for 2026!👉 Here’s what’s new:
- The standard deduction for 2026 has increased — meaning lower taxable income for everyone.
- On top of that, seniors (age 65+) can now get an extra standard deduction of ~$2,050 if single (and ~$1,650 per spouse if married).
- Plus! There’s a separate bonus deduction that allows seniors to deduct an additional $6,000 (or $12,000 if both spouses qualify), regardless of whether they itemize.
- These tax changes can make a big difference in how much you keep from your hard‑earned income as a real estate professional!
Do you know an agent age 65+ who could benefit from this? Tag them and share what tax strategy you’d recommend first!