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

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

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, ...