New tax breaks in President Donald Trump's "big beautiful bill" may mean older Americans get more money back as a tax refund this season. The law provides a new senior "bonus" or deduction of up to $6 ...
IRS Free File, which offers free guided tax preparation for lower-income taxpayers and free electronic fillable forms for all ...
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. In the Ask the Editor July 18, 2025 column, she answered four ...
Roxanne Hendrix, certified public accountant (CPA) and tax expert at JustAnswer, explained that, as a result of the One, Big Beautiful Bill Act (OBBBA), effective for 2025 to 2028, seniors 65 and ...
If you're over 65 years old and still working, chances are you will most likely need to file 2025 income tax returns. Here's what older tax filers need to know. Depending on your tax situation and how ...
TurboTax Free Edition is still available for people who have simple 1040 tax returns with no special situations and do not opt for any add-ons. Historically, though, there has been some controversy ...
If you're over 65 years old and still working, chances are you will most likely need to file 2025 income tax returns. Here's what older tax filers need to know. Depending on your tax situation and how ...
If you're 65 or older, you could have a bigger tax refund coming your way this year thanks to the new senior deduction. Not everyone will qualify, but those who do will pay taxes on $6,000 less this ...
At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...
Tax time is stressful for everyone, but there may be some good news for seniors receiving medical care in their homes, assisted living communities, skilled nursing settings or other senior living ...