What the IRS Isn't Shouting From the Rooftops Let's be real. When was the last time you heard the IRS actively marketing a ...

The budget bill passed in July adds a new deduction for seniors that could eliminate taxes on social security for some.

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

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

WASHINGTON ? The Internal Revenue Service wants seniors to know about the availability of a new tax form, Form 1040-SR, featuring larger print and a standard deduction chart with a goal of making it ...

The Internal Revenue Service (IRS) has introduced the redesigned 1040-SR form for seniors for the 2023 and 2024 tax years. TRAVERSE CITY, MI, US, August 4, 2023 ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

You know, here's the thing. Most Americans spend decades filing their tax returns without ever hearing about a special form designed just for them once they hit retirement age. It's not like the IRS ...