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.

For Americans 65 and older, the 2025 and 2026 tax years are unusually generous. A new senior-focused deduction stacks on top ...

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 ...

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

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

Americans are getting bigger-than-usual tax refunds this year, with an estimated $90 billion to $100 billion increase in ...

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 ...

President Donald Trump's "big beautiful" tax law provides a new senior "bonus" or deduction of up to $6,000 per individual or $12,000 for married couples. The temporary deduction applies to taxpayers ...

These changes, which take effect this year, are designed to provide tax relief across a broad range of categories, from working Americans and seniors to business investment and family support. Notices ...

Union Finance Minister Nirmala Sitharaman will present Budget 2026-27 on Sunday, February 1, 2026, at 11 AM. Key expectations ...

Here's when the IRS and Ohio will start accepting returns, how to deduct overtime and tips, the 2025 tax brackets, and when ...