A new tax deduction for seniors could cut your bill or boost your refund by hundreds of dollars. Here’s who qualifies and how to claim it.

The savings now could lead to greater costs later.

To bring you up to speed on how this new tax break works, here are 10 things you need to know about the Senior Deduction.

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...

Tax season is a busy time for accountants, and that deadline is now less than a month away.

Not to be confused with the additional standard deduction for seniors, the new senior tax deduction allows qualified filers to shelter even more of their income from taxes. Many, or all, of the ...

The new senior tax deduction is worth up to $6,000 for single adults and $12,000 for married couples. This reduces your taxable income for the year, potentially resulting in greater tax savings. It's ...

At a 12% marginal tax rate, for example, the $6,000 enhanced senior deduction for a single taxpayer who is 65 or older would result in $720 in tax savings. The new enhanced deduction for seniors on ...

In need of tax assistance? Stop by the Ishpeming Multi-Purpose Senior Center for help and guidance.

Seniors who have been feeling squeezed financially can get a new break on their 2025 federal tax returns. The catch is they have to pay attention: a new enhanced tax deduction for people 65 and older ...