In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

If your income exceeds $150,000 for a single adult or $250,000 for a married couple, you won't qualify for the $6,000 senior ...

Older Americans can now benefit from a "senior bonus" tax deduction, but it largely depends on their income. SACRAMENTO, ...

If you were planning to undertake a Roth IRA conversion this year, the newly introduced One Big Beautiful Bill (OBBB) won’t ...

Like most tax breaks, it has qualifications and an expiration. Here's what you need to know about who qualifies, how much you ...

Roughly 1.5 million Virginia retirees are expected to benefit from a new federal deduction that phases out taxes on Social ...

The One Big Beautiful Bill (OBBB) introduces a temporary tax deduction for seniors, offering potential relief for those aged ...

The exact dollar amount you'll save depends on several factors, including your annual income and tax filing status. A Council ...

Roughly 2.1 million retirees in Ohio are expected to benefit from a new federal deduction that exempts most Social Security ...

Roughly 1.7 million Michigan retirees are expected to benefit from a new deduction that exempts most Social Security income ...

Roughly 1.1 million Wisconsin retirees are set to benefit from a new federal deduction that phases out taxes on most Social ...

The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...