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 ...
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.
New tax rules for seniors bring bigger deductions, potential refunds & planning opportunities, with impacts on retirement income & Social Security.
Finance Minister Nirmala Sitharaman is set to table the Union Budget 2026–27 on Sunday, February 1. Idustry leaders are ...