Bonus Tax Relief for America’s Seniors Act

Raises the extra federal standard deduction for seniors from $600 to $5,000 and indexes that extra amount for inflation. The bill would replace the current $600 additional standard deduction for seniors with a $5,000 base amount and add a cost‑of‑living adjustment so the extra deduction grows over time. The inflation rule uses the tax code's standard cost‑of‑living formula with calendar year 2025 substituted and rounds increases down to the nearest $50. The text also makes conforming edits to cross references and inserts the word blind in a heading. Indexing of the $5,000 amount is set to apply for taxable years beginning after December 31, 2026 while certain amendments apply to taxable years beginning after December 31, 2025.