The 2025 One Big Beautiful Bill Act (OBBBA) introduced a particularly interesting change for Americans 65 and older: a new, temporary tax deduction. Beginning this tax season, individuals age 65+ are ...

A bigger standard deduction, changes in the itemizing rules and new temporary deductions all complicate the decision. Here’s how to choose the option that’s best for you. When it comes to federal ...

A new tax form, Schedule 1-A, introduces four new deductions for the 2025 tax year. All four write-offs are "below-the-line" deductions, which reduce taxable income but not adjusted gross income. Each ...

Senior couple using laptop while sitting on sofa in living room at home Fort Myers, Florida Mar 9, 2026 (Issuewire.com) At American Tax Service, we have published a new guide explaining the 2026 ...

The deduction is designed to help seniors reduce their taxes through 2028. The lowest-income seniors are unlikely to benefit from the deduction. Experts worry about the impact the tax break will have ...