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

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

The charitable donation tax deduction lets you write off qualified gifts to nonprofit organizations, but there are rules to ...

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 ...

Tax season is fast approaching and several tax policy changes impacting older Americans will be in effect when seniors go to file their returns. The enactment of Republicans' One Big Beautiful Bill ...

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, ...

Trump's 'Big, Beautiful Bill' made some changes to the 2026 tax season. Here's what adjustments taxpayers in Louisiana should ...

Any legally married couple can opt to file their tax returns separately. The "married filing separately" status doesn't come ...

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 ...