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

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

The promise of financial relief for seniors has arrived, packaged in the form of a new tax deduction. Roughly 34 million ...

Tax-filing season is officially open this year — and taxpayers age 65 and older may get an additional $6,000 deduction when ...

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 ...

The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...

Starting for the 2026 tax season, seniors aged 65 and older can claim an additional $6,000 deduction. Here are all the details and how to claim the deductions.

WASHINGTON ? The Internal Revenue Service wants seniors to know about the availability of a new tax form, Form 1040-SR, featuring larger print and a standard deduction chart with a goal of making it ...

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

Master tax filing. Learn about primary forms, supplementary schedules, special situations, miscellaneous forms, and more. Optimize deductions today.