TAX/INCOME/PERSONAL: Provides for an additional standard deduction for taxpayers sixty-five years of age and older. (1/1/26) (OR -$72,500,000 GF RV See Note)

SB 240 creates an additional standard deduction for personal income taxes in Louisiana. This bill directly affects taxpayers who are sixty-five years of age or older. Starting with tax years on or after January 1, 2026, eligible individuals will receive an additional standard deduction equivalent to the amount provided for a single individual.