Richard Pon, CPA, CFP - Tax Expert

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Two Tax Breaks For Seniors

Being a senior is sometimes a good thing for taxes. I was quoted in the USA Today on a new 2025 Super catch-up retirement plan contribution for those age 60-63. Workers between 60 and 63 can make a super catch-up contribution of up to $11,250 (1.5 times the regular 401k catchup contribution).

The article also explains the second tax break - seniors get a higher standard deduction.

https://www.usatoday.com/story/money/taxes/2025/02/12/seniors-save-taxes-older-americans/78207409007/