Kindred Financial LLC

The One Big Beautiful Bill Act has a “senior deduction” boost deduction that could apply to family members! Something to keep in mind to make sure your loved ones are taking advantage of all tax deductions!

If you’re 65 or older — or know someone who is — there’s a new tax break that could help: starting with the 2025 tax year, seniors get an extra **$6,000 standard deduction** (or **$12,000** for couples where both are 65+). ([IRS][1])

This deduction stacks on top of the regular standard deduction, is available whether you itemize or not, and applies until 2028 (unless changed). ([Bipartisan Policy Center][2])

It’s a good idea for eligible seniors — or their caregivers/family — to double-check income thresholds and filing status to see if this could reduce taxable income. For more details on eligibility and how it works, it’s worth reading the full article linked above.

[1]: https://www.irs.gov/newsroom/one-big-beautiful-bill-act-tax-deductions-for-working-americans-and-seniors?utm_source=chatgpt.com "One, Big, Beautiful Bill Act: Tax deductions for working ..."
[2]: https://bipartisanpolicy.org/explainer/the-2025-tax-bill-additional-6000-deduction-for-seniors-simplified/?utm_source=chatgpt.com "The 2025 Tax Bill: Additional $6000 Deduction for Seniors, ..."

Disclosure: This summary is provided for informational purposes only and should not be considered tax, legal, or financial advice. Tax rules can vary based on individual circumstances and may change over time. Before making any decisions related to deductions, filing status, or retirement planning, please consult with a qualified tax professional or your financial advisor to determine what is appropriate for your specific situation

The 2025 Tax Bill: Additional $6,000 Deduction for Seniors, Simplified H.R. 1 introduces a new $6,000 tax deduction for seniors, alongside extensions of key TCJA provisions. Learn how this benefit works, who qualifies, and what it could cost the federal budget.

The Magnificent 7 Priced for Perfection.

Can 7 companies drive the performance of the entire market? When do they become too expensive?
https://www.evestia.com/_files/ugd/3d4693_ab508fa67c8644fd97e3666a5b1b7368.pdf

Disclaimer: Please consult your tax professional before implementing any tax strategy. Investing involves risks including the potential loss of principal. No strategy or product can assure success or protects against loss. Past performance is no guarantee of future results. Please consider liquidity needs and risk when investing.

www.evestia.com

Timing the market is hard. Getting out and back in is a giant challenge.

Riding out volatility can be hard if you're looking at your account daily, seeing real dollar drops rattles investors. But knowing is half the battle and learning about the historical occurrences build perspective to become a patient investor.

Study this infographic from Virtual Capitalist to learn more.

Disclaimer: Investing involves risks including the potential loss of principal. No strategy or product can assure success or protects against loss. Past performance is no guarantee of future results. Please consider liquidity needs and risk when investing.

Timing the Market: Why It's So Hard, in One Chart In this graphic, we show why timing the market is extremely difficult, and how it can meaningfully dent portfolio returns.