A new tax rule in the 'One Big Beautiful Bill' allows taxpayers to deduct up to $1,000 in charitable gifts starting in January and beyond.
For tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.
The Daily Overview on MSN
2025 tax deduction changes for Americans 65+
Tax season in 2026 will look very different for older Americans filing 2025 returns, as a new wave of deductions reshapes how ...
MiBolsilloColombia on MSN
The extra standard deduction for seniors: A simple tax break worth over $2,000
Turning 65 comes with a tax perk! Learn about the extra standard deduction for seniors, the 2025 amounts, and how it can ...
Just in time for Giving Tuesday, there's some good news for charities, thanks to the One Big Beautiful Bill Act, but also some new caps and limits.
This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of ...
New 2025 tax law locks in lower rates, boosts deductions, and reshapes SALT, senior, worker and business breaks. See what to do before year-end to cut your bill.
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