OBBBA has introduced a ‘Seniors Deduction’ for retirees over 65, of up to $6,000 for individuals ($12,000 for couples), in 2026 tax filings.
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Tax deductions and credits explained (2025-2026): What you can claim and how to save
When tax season rolls around, deductions and credits can make a real difference in how much you owe -- or how much you get back. Deductions lower the portion of your income that's taxed, while ...
Standard Deduction EXPLAINED: When it comes to understanding your income tax liability in India, one simple and often overlooked tool that can significantly reduce your tax payable is the standard ...
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