OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.

You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social ...

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

Benjamin Franklin famously quipped that there’s nothing certain in life other than death and taxes. Any changes to the latter pique the interest of most Americans. As it does annually, the IRS ...