New federal tax provisions, inflation-adjusted deductions, and long-standing retirement tax breaks could significantly reduce what some older adults owe for the 2026 tax year. Here’s a look at six retirement tax breaks many people still miss out on. At a Glance: Retirement Tax Breaks CoveredBelow is a quick recap of the tax breaks we’ll cover in this article. The New Additional $6,000 Senior DeductionOne of the biggest changes for older taxpayers is the temporary additional deduction created by federal tax legislation for tax years 2025 through 2028. This new deduction is separate from the long-standing additional standard deduction available to older adults, making it one of the most valuable retirement tax breaks available.