Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

Starting for the 2026 tax season, seniors aged 65 and older can claim an additional $6,000 deduction. Here are all the ...

The IRS said it expects 164 million individual tax returns to be filed.

For older taxpayers, the new senior tax break is one of the most generous federal perks in years, effectively letting many ...

The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...

Millions of Americans over 65 will qualify for a new $6,000 deduction on their 2025 tax returns. This added relief comes as older adults continue to face mounting financial pressure from rising food, ...

There are also some new qualifications going into effect this season, as the Big Beautiful Bill and other new ordinances go ...

WASHINGTON ? The Internal Revenue Service wants seniors to know about the availability of a new tax form, Form 1040-SR, featuring larger print and a standard deduction chart with a goal of making it ...

If you're nearing retirement age or already there, tax season might be about to get a little less painful. A significant new tax benefit called the senior bonus deduction was tucked into President ...

The new tax bill also temporarily raises the cap on the state and local tax (SALT) deduction to $40,000, up from $10,000. The ...