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How to achieve the tax deduction for those over 65 years of age of up to $12,000: You need 2 requirements

The recent tax reform, part of the 'One Big Beautiful Bill Act' (OBBBA) signed by President Donald Trump, introduces a significant opportunity for seniors to reduce their tax burden. This provision ...
CNBC

Are you eligible for the new $6,000 senior tax deduction?

The One Big Beautiful Bill Act has supersized the standard deduction for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim up to $6,000 in addition to the ...
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Over Age 65? New $6,000 'Senior Bonus' Deduction Is Available Even If You Itemize

If you’re 65 or older and have been itemizing your tax deductions, you may wonder if the new “senior bonus deduction” in Trump’s tax bill — available starting in 2025 — could benefit you. After all, ...
The Motley Fool

3 Retirement Conversations All Married Couples Should Have Before They Turn 65

Aligning your retirement visions as a couple requires honest conversations about everyday lifestyle preferences, not just finances. The 80% rule offers couples a quick benchmark: aim to replace 80% of ...