A new temporary tax deduction for seniors offers relief, but it’s not a direct cash payment. Knowing the rules is key to ...

For seniors across the country, perhaps the most noteworthy aspect of the new bill is the additional deduction for this demographic. Taxpayers who are 65 or older can now claim an additional $6,000 as ...

Big changes are coming to Social Security in the year ahead, impacting everything from the size of your benefit check to your ...

In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

Eligible seniors can claim the full deduction even if they itemize. For example, if your itemized deductions total $30,000, you can add the $6,000 senior deduction to bring your total to ...

Clear as mud, as one of my relatives might say. How does the 'senior bonus' work? A new, temporary "senior bonus" deduction of up to $6,000 will apply to taxpayers ages 65 and older in 2025, ...