The IRS has announced higher standard deductions for the 2026 tax year, with $16,100 for single filers and $32,200 for ...

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

The new senior deduction stacks on top of the standard deduction for your tax-filing status and the additional standard ...

The IRS has introduced 2026 tax adjustments affecting retirees, including higher standard deductions and a new Senior Bonus Deduction for those 65 and older. The changes, along with ongoing SECURE 2.0 ...

Many older Americans may be eligible for a tax break they didn't even realize existed. A new $6,000 "senior bonus" deduction is quietly coming into play for 2025 tax returns, but many retirees haven't ...