A $6,000 deduction is allowed for each qualified individual aged 65 or over
What the document says“In the case of a taxable year beginning before January 1, 2029, there shall be allowed a deduction in an amount equal to $6,000 for each qualified individual with respect to the taxpayer.”
The section adds a new subparagraph (C) to section 151(d)(5) of the Internal Revenue Code of 1986 allowing a $6,000 deduction for each qualified individual, for taxable years beginning before January 1, 2029. A qualified individual is the taxpayer if aged 65 before the close of the taxable year and, on a joint return, the taxpayer's spouse if that spouse is 65 before the close of the year. A married taxpayer within the meaning of section 7703 may use the subparagraph only if the couple files a joint return.
What the document actually says“In the case of a taxable year beginning before January 1, 2029, there shall be allowed a deduction in an amount equal to $6,000 for each qualified individual with respect to the taxpayer.”
A deduction of $6,000 is allowed. It is given for each person who qualifies. It runs only for tax years that begin before January 1, 2029.
A person qualifies at age 65. On a joint return a spouse of 65 counts too. A married taxpayer must file jointly to use it.
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