This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of ...

A new $6,000 senior tax deduction has been hailed as long-overdue relief for older Americans feeling squeezed by rising costs. After years of grappling with growing property tax bills, soaring ...

For seniors aged 65 or older, you might owe less in taxes when you file next year. A new senior tax break Trump's new tax bill, the One Big Beautiful Bill (OBBB), offers an additional $6,000 standard ...

Kristina Byas is contributor at Investopedia. As a personal finance expert, she has lent her insights and knowledge to numerous financial publications. Her articles have helped readers navigate the ...

Some Americans ages 65 and over are poised to see additional tax relief under Republicans' "big beautiful" bill. Now that the Senate and House have both passed their versions of the tax and spending ...

Delaware’s senior citizens are among those set to benefit from the One Big Beautiful Bill, a federal tax overhaul passed under the Trump administration. The legislation introduces a senior deduction ...

QUESTION: Are caregiving expenses tax-deductible? I provide a lot of financial support to my elderly mother and would like to find out if I can write any of it off on my taxes. ANSWER: Several tax ...

President Donald Trump pledged to end taxes on Social Security as part of the GOP's 'One Big Beautiful Bill' signed into law on July 4. The exact wording of the law actually stipulates a $6,000 tax ...