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.
The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...
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 ...
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