The new, temporary senior deduction gives taxpayers 65 and older who fall within income limits the opportunity to deduct up ...

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 SALT cap increases to $40,000 for 2025 — up from $10,000 in 2024. The maximum deduction phases down at higher income ...

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.

Getting older comes with its fair share of challenges, from health concerns to managing finances on a fixed income. The cost ...

Millions of Americans over 65 will qualify for a new $6,000 deduction on their 2025 tax returns. This added relief comes as older adults continue to face mounting financial pressure from rising food, ...

What is the standard deduction? Most taxpayers claim the standard deduction, a fixed amount you can deduct to reduce your taxable income and lower your federal tax bill. Unlike itemized deductions, ...

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 ...

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 ...