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.

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

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

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 ...