The IRS has announced an increase in the standard deduction for seniors in 2026, providing financial relief amid rising ...
Standard tax deductions are increasing across the board, but the news is even better for those 65 years and older.
The 2026 standard deduction for dependents is limited to either $1,350 or the sum of $450 and the dependent’s earned income, ...
IRS: The additional standard deduction for heads of households and single filers aged 65 and over has gone up from $2,000 for ...
Each year, the IRS adjusts this deduction to reflect inflation and the rising cost of living. When the deduction increases, ...
The IRS finalized 2026 brackets and standard deductions—shifting thresholds upward under the One Big Beautiful Bill and ...
As usual, tax bracket thresholds were raised. Many taxpayers are getting some additional relief beginning this year, though.
Both the tax brackets and the standard deduction for the 2026 tax year, which is filed in 2027, have increased to reflect ...
Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts to know for 2026.
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