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 ...
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.
Young and the Invested on MSN
New standard deduction for 2026: How much will your taxable income be lowered? (Young and the Invested)
Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard ...
South Carolina’s General Assembly has been very supportive of cutting taxes, but so far it has not decided if the state ...
Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...
For some retirees, the change could eliminate federal income taxes entirely, although many were already exempt from Social ...
While the Treasury projects an average increased tax refund across all households in 2026, the reality for homeowners varies dramatically.
The 2026 tax season begins January 26. New laws change how much you owe. A family earning $73,000 can now pay $0 in federal ...
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