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Borinken Tax
Important

This is in addition to the additional standard deduction already available to qualifying taxpayers age 65 and older — not a replacement for it.

Key details

Amount
Up to $6,000 per eligible taxpayer.
Married couples
Up to $12,000 for a married couple filing jointly when both spouses qualify.
It stacks
It is in addition to the existing additional standard deduction available to qualifying taxpayers age 65 and older.
Standard or itemized
It can be available whether the taxpayer uses the standard deduction or itemizes.
Income phase-out
The deduction begins phasing out above $75,000 MAGI, or $150,000 for married filing jointly.
Other rules apply
Other eligibility requirements apply.

What to save or bring to your appointment

  • Dates of birth for you and your spouse
  • All income documents, including SSA-1099 and 1099-R forms
  • Last year's tax return, if we did not prepare it

Download the document checklist (PDF) →

Official IRS information

This page is general educational information and is not tax advice for your particular situation. These rules carry additional eligibility and reporting requirements. See the official IRS information linked above, or contact Borinken Tax to talk through your circumstances.

Questions about how this applies to you?

Every situation is different. Borinken Tax can review your circumstances and explain what actually applies to you — in English or Spanish.

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