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Standard Deduction for a Widow Over 65: Rules and Strategies
The standard deduction for a widow over 65 can be higher than that of the average taxpayer. This has the potential to lower ...
A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...
The One Big Beautiful Bill Act has supersized the standard deduction for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim up to $6,000 in addition to the ...
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