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

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 ...

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 ...

The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.

The IRS is set to begin accepting and processing 2025 tax returns on Jan. 26. What to do to avoid delays and mistakes as new ...

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.

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

The Income Phaseout Trap That Nobody Warned You About The deduction is gradually reduced by 6 cents for every dollar over $75 ...

For some retirees, the change could eliminate federal income taxes entirely, although many were already exempt from Social ...

A new $6,000 tax deduction for Americans aged 65 and older could significantly boost refunds for millions of seniors. With ...

Here’s what’s new for the 2025 tax returns, even if nothing changed, there are several changes to various deductions for filing a return.

As much as seniors love a new tax break, a risk exists that retirees and others will miss out if they think the new enhanced deduction for seniors on 2025 federal income tax returns is somehow ...