Union Budget 2026–27 is expected to keep income tax reforms in focus as FM Nirmala Sitharaman presents her ninth Budget on February 1. With nil tax up to Rs 12.75 lakh already in place, taxpayers are ...

American taxpayers could see the largest tax refunds during the upcoming 2026 tax season, and retirees will also reap the benefits. As a result of the passing of President Donald Trump’s One Big ...

Finance Minister Nirmala Sitharaman is set to table the Union Budget 2026–27 on Sunday, February 1. Idustry leaders are calling for a pragmatic mix of reforms that can cushion global uncertainties ...

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

View post: Extreme Cold Is Dangerous for Older Adults—An 18-Year Medical Alert Expert Explains How to Keep Them Safe (Exclusive) OBBB law introduces significant federal tax deduction changes, ...

Overlooked and unexpected tax breaks are one of the perks of getting older. Tax deductions and credits aimed specifically at seniors can reduce how much you owe to the government, helping you stretch ...

GULFPORT, Fla. — Some senior citizens may get more money back on their tax returns this year. Seniors 65 and older can claim an additional $6,000 for a single person, and $12,000 for married couples, ...

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 ...

A new $6,000 tax deduction for Americans 65 and older could boost refunds for millions of older taxpayers, putting an average of about $670 more in their pockets this year, according to advocacy group ...