The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.
Master tax filing. Learn about primary forms, supplementary schedules, special situations, miscellaneous forms, and more.
Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...
A new, temporary 'senior bonus' will enable many taxpayers age 65 and older to deduct up to $6,000 in income from their federal returns. You must file a new Schedule 1-A. The new enhanced deduction ...