The tax bill approved by Senate Republicans on Tuesday includes a proposed $6,000 deduction for seniors, the legislative version of President Donald Trump’s 2024 campaign pledge to end taxes on Social ...

A new $6,000 senior tax deduction has been hailed as long-overdue relief for older Americans feeling squeezed by rising costs. After years of grappling with growing property tax bills, soaring ...

Need help applying for the property tax reduction that moderate-income seniors are eligible for? There are still appointments ...

The IRS offers special tax breaks for seniors that can save you thousands as you get older. Many older Americans miss these deductions simply because they don’t know about them. Whether you’re retired ...

QUESTION: Are caregiving expenses tax-deductible? I provide a lot of financial support to my elderly mother and would like to find out if I can write any of it off on my taxes. ANSWER: Several tax ...

But the reality is more complicated. Not all seniors will qualify for the deduction, and those most at risk of losing their homes—lower-income seniors and those with little taxable income—might see no ...