CNBC

The new $6,000 senior tax deduction: who qualifies and how to claim it

The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their ...
Fast Company

This new tax deduction in Trump’s ‘big, beautiful bill’ lets people cash in on charitable donations up to $2,000. Here’s what to know

President Donald Trump’s One Big Beautiful Bill Act, which was recently signed into law, offers Americans a number of tax benefits. It makes many of the changes from the Tax Cuts and Jobs Act (TCJA) ...
Forbes

A First Look At The New Tax Form For Claiming Deductions For Tips, Overtime, Car Interest And Seniors

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...
Detroit Free Press

How seniors can boost tax refunds with new deduction on 2025 returns

A new, temporary 'senior bonus' will enable many taxpayers age 65 and older to deduct up to $6,000 in income from their federal returns. You must file a new Schedule 1-A. The new enhanced deduction ...