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.