If you’re 65 or older and have been itemizing your tax deductions, you may wonder if the new “senior bonus deduction” in Trump’s tax bill — available starting in 2025 — could benefit you. After all, ...

A significant tax change for older adult taxpayers this year comes in the form of a new benefit known as the “senior bonus deduction.” Tucked into Trump’s 2025 tax bill, this provision is designed to ...