Standard tax deductions are increasing across the board, but the news is even better for those 65 years and older.

The deduction reduces at a rate of 6% of the amount exceeding the threshold. For instance, a single filer with a MAGI of ...

The IRS has unveiled its updated 2026 tax brackets and standard deductions, featuring an additional standard deduction for ...

The Internal Revenue Service (IRS) released its new tax brackets and rates for the upcoming tax filing year. Yahoo Finance ...

A new $6,000 senior tax deduction has been hailed as long-overdue relief for older Americans feeling squeezed by rising costs. After years of grappling with growing property tax bills, soaring ...

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

The latest COLA estimate is 2.7%, which would add about $54 to the average monthly check. However, there are good odds that ...

Older Vermonters are now among the millions of retirees nationwide who stand to benefit from a major federal tax change. Under the One Big Beautiful Bill, a new senior tax deduction will phase out ...

Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts ...

Connecticut’s retired population is poised to gain significant tax relief from the One Big, Beautiful Bill. This federal legislation, passed under the Trump administration, introduces a senior ...

Hawaii seniors could soon see major federal tax relief thanks to the One Big, Beautiful Bill that passed this past July. Passed under the Trump administration, the law introduces that removes federal ...