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 budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

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 ...

Not sure whether to pick the standard deduction or to itemize? NBC10 Responds looks at how to choose while filing taxes for more money in your wallet.

The Unexpected Relief That Brought New Worries The senior deduction is an exemption for filers 65 and older introduced in the One Big Beautiful Bill Act, allowing seniors to claim an additional $6,000 ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.

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

If you purchased a new car after Dec. 31, 2024, you can now deduct the interest you paid on the auto loan when you file your ...

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