Senior Renter Deduction Calculator
For 65+ renters wondering what OBBBA gives them.
The short answer: At the numbers below, your senior bonus deduction is $6,000 — $720 back at 12% ($28 per paycheck). Rent itself is not deductible federally; some states give renter credits separately.
Must be 65+ to qualify
Modified Adjusted Gross Income
Senior Bonus Deduction
$6,000
✅ You qualify for the full deduction
⚠️ This calculator provides estimates for informational and educational purposes only. It is not tax advice. Results are based on the One Big Beautiful Bill Act (OBBBA) and IRS Schedule 1-A. Consult a qualified tax professional for your specific situation.
The Honest List for Renters
Rent isn't a federal deduction — the senior bonus is the main OBBBA lever for renting seniors, and at low MAGI it's the full $6,000.
- • Senior bonus: full at low MAGI
- • SALT deduction: no property tax to deduct for most renters
- • State renter credits (CA, MA, etc.): separate, state-level
Worked Example
Single 71-year-old renter, $28,000 MAGI.
- • Deduction $6,000; savings $720 at a low 12% rate — meaningful on a small income
Keep Reading
Frequently Asked Questions
Can senior renters deduct rent on federal taxes?
No — rent isn't federally deductible. The OBBBA senior bonus ($6,000) is the main federal lever; some states add renter credits.
What if my MAGI is just Social Security?
If Social Security is largely tax-free, you may owe no tax at all — see the social-security-only page.