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 IRS has released new guidelines to help taxpayers understand the Big Beautiful Bill, a sweeping tax reform law now in ...

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

President Donald Trump has promoted a new $6,000 senior tax deduction and pledged to protect Social Security, and ...

The Trump bill — which was enacted in early July — introduces an additional tax deduction for taxpayers who are 65 or older.

Key Takeaways The One Big Beautiful Bill Act includes a $6,000 bonus deduction for those age 65 or older. The White House has announced the bill means “no tax on Social Security.” ...