Turning 65 doesn't just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra standard deduction. This deduction can lower taxable income by thousands of ...

The One Big Beautiful Bill Act has supersized the standard deduction for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim up to $6,000 in addition to the ...

Although the due date for your 2025 federal income tax return is a long way off (it's not until April 15, 2026), smart taxpayers will start thinking about their tax bill for the new year far in ...

The IRS released the 2026 standard deduction amounts you’ll use for your 2026 tax return — and they're higher than ever. Knowing the standard deduction amount for your status can help you determine ...

The standard deduction is rising in 2026 by $350, or $700 for couples. The tax brackets are changing slightly as well. Assuming the same income, your tax bill could go down slightly for 2026. The ...

The Internal Revenue Service Thursday released the updated tax brackets for the 2026 tax year. Changes to the standard deduction, earned income tax credit, estate tax credit, and more were also ...

The IRS recently announced some changes to standard deductions and tax brackets. It's important to understand the new tax rules so you don't pay more to the IRS than you need to. In the U.S., ...

You might find that your most fruitful tax breaks aren’t hiding in itemized deductions — but they might be waiting for you after age 65. Data from the IRS shows that 90% of taxpayers choose the ...

Taxpayers are set for a "record tax refund season" in 2026 due to retroactive tax cuts and unadjusted 2025 IRS withholding ...