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Senior Deduction Calculator 2025 - 2028
No Tax on Social Security
Phaseout at $75k Single, $150k Married
IRS - One Big Beautiful Bill
New deduction: Starting with the 2025 tax year, anyone who is age 65 or older by the end of the year may qualify for an additional deduction of $6,000 per person.
2026 Medicare Parts A & B
Part B Premium has gone up to $202.90/mo
IRMAA on Single >$109k
Married > $218k
VA
Veterans Administration can help with Medical BUT is not Creditable Coverage to replace Medicare.
You SHOULD work both SYSTEMS together.
Tricare for Life
You transition from Tricare to Tricare for Life when you turn 65 and also become apart of the Medicare system.
You SHOULD work both SYSTEMS together.
Insurance Companies Trying to Eliminate Brokers
I recommend using Sample Client Letter One And write the Department of Insurance for your Resident State.