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.

The promise of financial relief for seniors has arrived, packaged in the form of a new tax deduction. Roughly 34 million ...

You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.

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

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

American taxpayers aged 65 and older will receive a new $6,000 bonus tax deduction next year as part of President Donald Trump’s One Big Beautiful Bill Act. The temporary deduction comes alongside ...

Starting for the 2026 tax season, seniors aged 65 and older can claim an additional $6,000 deduction. Here are all the details and how to claim the deductions.

The Reality Behind the Income Thresholds Here's the thing most people don't realize about the new senior deduction: single ...