A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

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

Eligible retirees could lower their federal taxes in 2026 with a new $6,000 senior bonus deduction. Here's how the deduction works and how to claim it.

The "big, beautiful bill" included a bonus senior deduction.

A big, shiny number landed in the headlines last year and millions of older Americans took notice. A new $6,000 senior bonus deduction, created under the July 2025 tax package often referred to as the ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...