seniors

Social Security tax refund: Expert reveals key Form 1040 hack that ‘may reduce’ taxes for seniors

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With the 2026 tax season underway, some Social Security recipients who saw their benefits increase in 2025 under the Social Security Fairness Act are having to pay more taxes than in 2025. With increased Medicare premiums and less than 3% COLA increase this year, this is adding to the financial burden. Representational image. (REUTERS) The … Read more

Senior tax guide: How seniors can claim the new $6,000 deduction while managing Social Security and Medicare benefits

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U.S. tax filing season is underway, and millions of Americans aged 65 and older can now take advantage of a new federal tax deduction of up to $6,000. The deduction can help reduce taxable income, particularly for retirees who draw Social Security and manage Medicare costs. Taxpayers aged 65 and older are eligible for a … Read more