For 2026, taxpayers age 65 and older can qualify for more than one federal deduction tied to age. The regular age-based addition to the standard deduction is $2,050 for unmarried taxpayers and $1,650 ...

Older Americans can expect some important tax changes in 2026, largely due to provisions in last year’s One Big Beautiful ...

Benjamin Franklin famously quipped that there’s nothing certain in life other than death and taxes. Any changes to the latter pique the interest of most Americans. As it does annually, the IRS ...

The 2026 tax filing season is currently underway, with an April deadline for filing tax returns for the 2025 tax year. There were some major rule changes last year, though, which have made this filing ...

Seniors could qualify for an additional tax deduction in 2026, but the benefit depends on age, filing status, and income.

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 ...

The deduction is designed to help seniors reduce their taxes through 2028. The lowest-income seniors are unlikely to benefit from the deduction. Experts worry about the impact the tax break will have ...

If you're 65 or older, you could have a bigger tax refund coming your way this year thanks to the new senior deduction. Not everyone will qualify, but those who do will pay taxes on $6,000 less this ...

With the tax filing season underway, millions of Americans aged 65 and older could get a boost in refunds under a new $6,000 deduction. Seniors who receive Social Security benefits will get a "bonus" ...

Turning 65 doesn't just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra standard deduction. This deduction can lower taxable income by thousands of ...