For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their federal return.

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

Tax deductions reduce your taxable income, while tax credits directly lower your tax bill dollar for dollar. Refundable ...

New deductions under the One Big Beautiful Bill Act The 2026 filing season includes fresh deductions, such as up to $6,000 for seniors 65+, $25,000 for qualified tips, and $12,500 for overtime. These ...

You sit down to file your taxes, click through your software, and accept the standard deduction without giving it a second ...

The IRS has announced higher standard deductions for the 2026 tax year, with $16,100 for single filers and $32,200 for ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. NEW YORK (AP) — When tackling your taxes, it ...