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In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
The IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in ...
Older Americans can now benefit from a "senior bonus" tax deduction, but it largely depends on their income. SACRAMENTO, Calif. — A new temporary tax deduction for older Americans, dubbed the “ senior ...
The passage of the One Big Beautiful Bill (OBBBA) has sparked both support and criticism, particularly when it comes to its impact on senior citizens. The law, signed by former President Donald Trump ...
Kansas Citians dodged a 2026 tax hike when Congress passed the One Big, Beautiful Bill ... incomes and itemized deductions are higher or where more filers benefit from new provisions, ...