Seniors could get a bigger tax deduction this year, but the rules matter. Here's what to know before filing.

For Americans 65 and older, the 2025 and 2026 tax years are unusually generous. A new senior-focused deduction stacks on top of already elevated standard deductions, creating a chance to shield tens ...

Older adults who face a financial crunch may be happy to know that 2025 federal income tax returns offer a way to get more tax refund cash for those 65 and older. You'll need to qualify — and make ...

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...

A new temporary tax break offers seniors 65 and older a deduction of up to $6,000 on their 2025 federal returns. To claim this deduction, taxpayers must file a new form called Schedule 1-A for ...

Tax season can be painful for many Americans. But it can also come with perks for some. Americans ages 65 years and older could save money by claiming the extra standard deduction this year, as well ...

A new tax break for older Americans could put thousands of dollars back in your pocket this filing season. The so-called "senior bonus deduction" allows eligible taxpayers to deduct up to $6,000 from ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...