In general, it appears that seniors are getting a larger standard deduction in return for giving up some of the things like saver's credit and student loan interest deductions.
Everybody's individual situation varies, but it looks like a nice option for retired folks to maybe keep a little more of their money and/or spend less time sorting deductions.
That larger standard deduction has been in play for years.
Yep...it's been around for years. It used to be at the top on the reverse side of the form.