OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.

You can only claim the new senior tax deduction if you were 65 or older at the end of 2025. You must also provide your Social Security number on your tax return and have a modified adjusted gross ...

This tax filing season, taxpayers over 65 years old can claim a new temporary $6,000 "senior bonus" deduction (or $12,000 for ...

This tax season, many people could be hearing oversimplified versions of some complicated tax changes on 2025 tax returns.

Welcome to The Hill’s Business & Economy newsletter{beacon} Business & Economy Business & Economy   The Big Story Tax changes coming for seniors this year The One, ...

President Trump’s tax and spending cut bill was signed into law on July 4, 2025. It enacted new tax deduction rules for many Americans, including seniors and certain workers. Changes include no taxes ...

A new $6,000 deduction for senior citizens and less taxes on tips and overtime are some of the biggest changes for your 2025 tax return. Peter is a writer and editor for the CNET How-To team. He has ...

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

Several new tax deductions are available this year but they're not automatic. Here's what you should know.