For seniors, the new tax deduction is an additional $6,000 if you're single and $12,000 if you're married and filing jointly.

The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and ...

This article discusses all of the various standard deduction amounts for 2026.

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and cost-of-living adjustments.

Here's the thing. The new senior deduction introduced in the One Big Beautiful Bill Act allows those 65 and older to claim an ...

From 2025 to 2028, anyone 65 or older can claim a deduction of $6,000 in addition to the current additional standard ...

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 this tax break and avoid missing out.

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...