In 2025, seniors aged 65 and above in the U.S. can benefit from a new tax deduction of up to $6,000. This initiative aims to ...

Seniors could keep more money with new tax break phasing in for 2025 returns. The extra deduction helps lower- and middle-income retirees facing rising costs.

As you retire or move into the final years of regular work, it is important to practice safe investing and avoid potential ...

Medicare Advantage over-the-counter (OTC) benefits are insurance-provided allowances that enable seniors to buy everyday health and wellness products. They work similarly to FSA accounts and the ...

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 ...