IRS: The additional standard deduction for heads of households and single filers aged 65 and over has gone up from $2,000 for ...

Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts to know for 2026.

If you’re 65 or older and have been itemizing your tax deductions, you may wonder if the new “senior bonus deduction” in Trump’s tax bill — available starting in 2025 — could benefit you. After all, ...

Republicans in Congress have approved a $6,000 “bonus deduction” for those over age 65 in President Trump’s signature tax and spending bill, dubbed the "One Big Beautiful Bill" (OBBB). Trump signed ...