Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

In a bid to offer more financial relief to older Americans, a new tax initiative is set to benefit seniors aged 65 and older. Known as the “Senior Bonus,” this additional $6,000 tax deduction, ...

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

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.

A new $6,000 tax deduction for seniors is available for the 2025 tax year. Learn the age, income, and filing requirements to claim this major tax break.

The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

Tax season is fast approaching and several tax policy changes impacting older Americans will be in effect when seniors go to file their returns. The enactment of Republicans' One Big Beautiful Bill ...

As much as seniors love a new tax break, a risk exists that retirees and others will miss out if they think the new enhanced deduction for seniors on 2025 federal income tax returns is somehow ...