How to get extra $6,000 ‘senior bonus’ this tax season? Here’s who is eligible
The One Big Beautiful Bill Act permits taxpayers aged 65 and above to claim an additional deduction of $6,000 without the necessity of itemizing their deductions. This deduction, which will be implemented in the 2025 tax year (returns submitted in 2026), is supplementary to the standard additional deduction available for seniors and the blind. Furthermore, … Read more