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5 tax breaks for seniors 65+ in 2025

Filing your 2025 taxes? If you're 65 or older and take the standard deduction, you may qualify for these five powerful tax breaks. Learn more here.
A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.
Even if you’re below the income threshold for 2025, tax credits and excess withholding could result in a tax refund, making filing a tax return worth your time.
For seniors, the new tax deduction is an additional $6,000 if you're single and $12,000 if you're married and filing jointly. This would bring the total deduction for singles to $23,750 ($15,750 + ...
Financial advisor fees are not tax-deductible now, but there are still tax benefits from working with an advisor.
One of the biggest changes hitting tax filers this year is that overtime hours won’t be taxed. Under the newly signed legislation, there is now a deduction for up to $12,500 of qualifying overtime ...
Starting Jan. 1, 2024 the mileage tax deduction will now be 67 cents per mile driven — up 1.5 cents from 2023. Find out if ...
NewHomeSource reports that 2026 tax changes for homeowners include increased SALT deductions, revived PMI deductions, and a permanent $750,000 mortgage limit.
The new senior tax deduction is worth up to $6,000 for single adults and up to $12,000 for married couples. This stacks on top of the standard deduction for your filing status and the other senior tax ...
Run the numbers: For 2025, the standard deduction is $31,500 for married couples and $15,750 for singles. If your total ...
A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...
The location of the big game matters. A single week in the Bay Area can trigger a six-figure tax bill, while Super Bowls in no-income-tax states such as Texas, Florida or Nevada allow players to keep ...