SmartAsset on MSN
Extra Standard Deduction for Seniors Over 65: Requirements
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 ...
MiBolsilloColombia on MSN
The 65+ tax advantage explained: how the extra standard deduction boosts retirement savings
A new tax break under the ‘One Big Beautiful Bill Act’ gives Americans 65 and older a larger standard deduction to help ...
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 ...
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