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

The One Big Beautiful Bill Act (OBBBA) included a new tax deduction for seniors. Eligible filers can get a $6,000 tax break. The new deduction doesn't apply to everyone, and it also doesn't get rid of ...

Many people worry about losing tax benefits as they get older, especially when income becomes more predictable in retirement. With the new **senior bonus deduction**, you have additional ways to ...

Wondering why, maybe, you didn't get any extra refund cash from a new tax deduction for seniors? Or you somehow didn't qualify for other new federal income tax breaks on tips, overtime and car loan ...

The new senior tax deduction can reduce your taxable income by up to $6,000 per person. It's only available to those 65 and older who meet certain criteria. This tax deduction is only active through ...

SALT LAKE CITY — We're in the home stretch of tax season as the April 15 filing deadline rapidly approaches. New tax breaks passed by Congress last summer in the so-called "Big Beautiful Bill" can ...

Many taxpayers do not see the full benefit of new tax deductions for seniors, tips, overtime and car loan interest due to ...

When the One Big Beautiful Bill Act (OBBBA) was signed into law last year, it was clear that it would change the tax landscape. The bill included a number of key tax changes, including a new $6,000 ...