The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.

Taxpayers aged 65 and older are eligible for a $6000 deduction. Here's all on eligibility and how the deductions work with ...

The Income Phaseout Trap That Nobody Warned You About The deduction is gradually reduced by 6 cents for every dollar over $75,000 for single filers and $150,000 for joint filers, which means many ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...