The new $6,000 tax break will be offered on a temporary basis to certain taxpayers who are 65 and older.

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

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the ...

The One Big Beautiful Bill (OBBB) Act that President Trump signed into law last July implemented multiple changes to the tax ...

Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and ...

This tax filing season, taxpayers over 65 years old can claim a new temporary $6,000 "senior bonus" deduction (or $12,000 for ...

A new federal tax deduction for Americans 65 and older might make a difference that actually matters. Here's what we know.

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

A new $6,000 senior tax deduction is available for Americans above 65, and the information is key for employers and employees ...

The new tax bill also temporarily raises the cap on the state and local tax (SALT) deduction to $40,000, up from $10,000. The ...