www.cbsnews.com
Under the new rules, taxpayers aged 65 and older can automatically claim a $1,000 deduction ($2,000 for married couples), which stacks on top of the existing standard deduction. This applies to all seniors regardless of income or whether they itemize their taxes. The adjustment aims to offset rising costs and could result in hundreds of dollars in additional refunds for eligible Americans. Taxpayers simply need to verify their age on their return to qualify.
Read More
