Taylor Tepper covered banking, investing and pretty much everything else in personal finance for more than a decade, with his work appearing in the New York Times, Fortune and MONEY magazine, as well ...

The new senior tax deduction is available to seniors age 65 and older, regardless of whether they itemize deductions. All seniors hoping to claim this deduction must include their Social Security ...

Christine Benz: Hi, I’m Christine Benz for Morningstar. People who are 65 and older may be able to take advantage of a new senior deduction starting in 2025. Joining me to discuss what you need to ...

Thanks to provisions in the One Big Beautiful Bill Act, the standard deduction has been super-sized for seniors: Taxpayers 65 and older can now claim up to an additional $6,000 without itemizing their ...