Retirees will see a nice change to their returns this year.
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Why the new $6,000 senior tax deduction is causing anxiety for retirees in 2026
Here's the thing. The new senior deduction introduced in the One Big Beautiful Bill Act allows those 65 and older to claim an ...
The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and increased health care and housing costs.
Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get ...
There's a new tax break for Americans over 65 that's supposed to help with living costs. Sounds like relief is finally here, ...
The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.
The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961. If you're 65 or older now, you can claim an additional deduction of up to $6,000 or $125,000 for ...
Residents age 65 and older could see significant savings thanks to a new tax deduction that allows seniors aged 65 to claim a new, additional “$6,000 senior deduction” ($12,000 for married couples ...
OPINION: Deb Haaland promises greater affordability, but supports policies that increase the cost of living ...
A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...
The changes are part of President Trump's tax and spending overhaul last year, and while most take effect for returns filed in April, some are either new or being updated for the 2027 tax season.
Any taxpayer who is 65 or older and files a return can claim the additional deduction. Current provisions keep the benefit in ...
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