Seniors get a generous new tax deduction, but there's only a limited time to claim it.

The "big, beautiful bill" included a bonus senior deduction.

The savings now could lead to greater costs later.

As tax season approaches there is a lot to keep in mind between which forms to have on hand for filing, itemizing deductions and things like .

Not to be confused with the additional standard deduction for seniors, the new senior tax deduction allows qualified filers to shelter even more of their income from taxes. Many, or all, of the ...

Millions of retirees are about to see a rare kind of tax change: one that actually shrinks the IRS bill on their Social Security benefits. A new federal deduction gives qualifying older taxpayers up ...

A new $6,000 tax deduction for Americans 65 and older could boost refunds for millions of older taxpayers, putting an average of about $670 more in their pockets this year, according to advocacy group ...

Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get this tax break and avoid missing out.

Three items just for older Americans that can help seniors cash in.

The new federal break for older taxpayers is not a "retirement tax credit" at all, but a sizable extra deduction that trims taxable income for qualifying seniors. Instead of directly cutting your tax ...

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 ...

TAMPA, Fla. —Seniors across Florida could see meaningful tax savings this filing season thanks to a new deduction aimed at residents age 65 and older. Officials say the change could translate into ...