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.

Will you be eligible for the tax savings available to seniors?

The savings now could lead to greater costs later.

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

If you’re over 65 and preparing your 2025 taxes, a supersized new deduction lets you claim an additional $6,000 as a standard deduction. The deduction, provided by the Big Beautiful Bill, counts per ...

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961. If you're 65 or older now, you can claim an additional deduction of up to $6,000 or $125,000 for ...

Not to be confused with the additional standard deduction for seniors, the new senior tax deduction allows qualified filers to shelter even more of their income from taxes. Many, or all, of the ...