For 2026, taxpayers age 65 and older can qualify for more than one federal deduction tied to age. The regular age-based addition to the standard deduction is $2,050 for unmarried taxpayers and $1,650 ...

Older adults in Michigan who face a financial crunch may be happy to know that 2025 federal income tax returns offer a way to get more tax refund cash for those 65 and older. You'll need to qualify — ...

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 ...

Many older Americans may be eligible for a tax break they didn't even realize existed. A new $6,000 "senior bonus" deduction is quietly coming into play for 2025 tax returns, but many retirees haven't ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

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 ...