How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax ... before the end of 2025 to qualify for the deduction on next year's tax return.

Trump's Big, Beautiful Bill offers a $6,000 senior bonus deduction from 2025-28. Couples can save $12,000. Retirees with ...

The Senate’s version of the “big, beautiful bill,” passed on Tuesday, includes a $6,000 tax deduction for Americans 65 or ...

There are no income limits using Form 1040-SR. Taxpayers may report a variety of income sources, ... you can file Form 1040-SR for tax year 2025 if you will be 65 on or before Jan. 1, 2026).

Tax season can be a confusing time for many Americans, especially when it comes to understanding the differences between filing a 1040 and 1040-SR. TRAVERSE CITY, MI, UNITED STATES, October 11 ...