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 ...
A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...
Homeowners who have been taking the standard tax deduction in recent years might want to give itemization another look this year. The One Big Beautiful Bill Act comes with a slew of updates affecting ...
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