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 ...
Young and the Invested on MSN
New Standard Deduction for 2026: How Much Will Your Taxable Income Be Lowered?
Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard ...
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