Turning 65 doesn't just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra standard deduction. This deduction can lower taxable income by thousands of ...

A new tax break under the ‘One Big Beautiful Bill Act’ gives Americans 65 and older a larger standard deduction to help ...

The standard deduction for seniors over 65 is a tax benefit that can significantly reduce their taxable income. TRAVERSE CITY, MI, UNITED STATES, October 7, 2024 ...

The Internal Revenue Service Thursday released the updated tax brackets for the 2026 tax year. Changes to the standard deduction, earned income tax credit, estate tax credit, and more were also ...