Having a corporate job comes with its fair share of pros and cons. On one hand, there are the endless deadlines, meetings, ...

Taxpayers aged 65 and older may be able to benefit from a $6,000 'senior bonus' deduction over the next four tax years. Here ...

A key feature of this bill is what’s being called the senior bonus, or senior deduction. Beginning in 2025 and running through 2028, taxpayers aged 65 or older can take an additional “bonus” deduction ...

The eligible employees of the central paramilitary forces and the armed forces are also entitled to this bonus.

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A new $6,000 bonus deduction for seniors under the One Big Beautiful Bill Act will cut taxes from 2025–2028, offering more relief than a Social Security tax cut.