
Senior Taxpayers Age 65+ Eligible for Additional $6,000 Deduction in 2025
Starting in the 2025 tax year, senior taxpayers aged 65 and older will have access to a significant increase in their deductible amount, gaining an additional $6,000 in their standard deduction. This adjustment aims to provide financial relief to an aging population, many of whom rely on fixed incomes such as Social Security, pensions, and...
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