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New $6,000 Senior Deduction Decreases with Rising Income; Poorly Timed Roth Conversion May Eliminate It
FG
FOMOGRAM Editorial Desk
Aug 5, 2026
EXECUTIVE SUMMARY
Seniors aged 65 and above are eligible for a new $6,000 bonus deduction until 2028. However, a frequently made retirement account decision could inadvertently negate this benefit before it is realized.
Seniors aged 65 and above are eligible for a new $6,000 bonus deduction until 2028. However, a frequently made retirement account decision could inadvertently negate this benefit before it is realized.
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