The OBBBA created a new tax deduction for seniors worth up to $12,000 for joint filers. Find out who qualifies, the income ...

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 ...

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

Knowing what credits or deductions are available this year could be the difference between dominating and dreading the process.

Can you claim the home office tax deduction this year?

In a bid to offer more financial relief to older Americans, a new tax initiative is set to benefit seniors aged 65 and older.

The Unexpected Relief That Brought New Worries The senior deduction is an exemption for filers 65 and older introduced in the ...

Many Baby Boomers miss valuable tax deductions each year. Learn eight often-forgotten breaks, including a new $6,000 senior ...

$6,000 senior tax deduction 2026: Over 58 million seniors can now claim a new $6,000 tax deduction in 2026. This "Senior Bonus" helps Americans aged 65 plus save money. Single filers earning under $75 ...

You probably assume familiar tax breaks will stick around, but this article shows how several routine deductions are shifting and what that means for your wallet. You'll learn which common deductions ...