For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their federal return.

Most Americans over 65 have no idea it exists. They spend tax season hunched over the same dense Form 1040 they've used for decades, squinting at small print, flipping through instruction booklets, ...

Let's be real. When was the last time you heard the IRS actively marketing a tax form designed specifically for seniors? Form 1040-SR was mandated by Congress through the Bipartisan Budget Act of 2018 ...

The 2026 tax season started a week ago, on Jan. 26. There are a lot of changes taxpayers should know about before filing their 2025 taxes, changes that could save you money. While the impact — or how ...

The form for those 65 and older is easier to read and fill out Nicole Fallon-Peek is a freelance journalist who has covered small business, careers and finance for 15 years. She is a small business ...

It's important to have the right information.

Seniors who have been feeling squeezed financially can get a new break on their 2025 federal tax returns. The catch is they have to pay attention: a new enhanced tax deduction for people 65 and older ...