Monthly Archives: October 2025

2026 Senior Deductions

Big changes are coming for Americans age 65 and older on their 2026 tax returns. The recently enacted “Big, Beautiful Bill” (GOP tax package, July 2025) introduces a major new $6,000 bonus deduction for seniors, available from 2025-2028. On top of this, the IRS has also announced its annual inflation adjustments for 2026, increasing both […]

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