A guide to the new 'Bonus Deduction' from the OBBB. Learn who qualifies for the up to $6,000 (single) or $12,000 (married) ...
For seniors, the new tax deduction is an additional $6,000 if you're single and $12,000 if you're married and filing jointly.
This article discusses all of the various standard deduction amounts for 2026.
There are four new federal tax deductions to know ahead of tax season in the United States.
The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and ...
Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get this tax break and avoid missing out.