Federal tax rules for retirees are shifting again, and this time the stakes are higher for anyone living on a mix of Social ...

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 ...

Turning 65 comes with a tax perk! Learn about the extra standard deduction for seniors, the 2025 amounts, and how it can ...

The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...

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 Internal Revenue Service (IRS) is implementing a series of significant modifications to tax forms, particularly affecting individuals over 65. These changes, set to appear in upcoming tax filings, ...

The additional standard deduction is a crucial tax benefit for seniors and individuals with disabilities. Unlike the regular standard deduction, this additional amount is specifically designed to ...