You know, here's the thing. Most Americans spend decades filing their tax returns without ever hearing about a special form designed just for them once they hit retirement age. It's not like the IRS ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

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

The Internal Revenue Service (IRS) has introduced the redesigned 1040-SR form for seniors for the 2023 and 2024 tax years. TRAVERSE CITY, MI, US, August 4, 2023 ...

Taxpayers aged 65 and older are eligible for a $6000 deduction. Here's all on eligibility and how the deductions work with Social Security and Medicare benefits ...

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

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

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

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 ...