Key Federal Tax Breaks for Seniors! A Detailed Guide to the Additional Standard Deduction, the Credit for the Elderly or Disabled
Tax season eventually comes for everyone, but for Americans aged 65 and older, the rules shift in ways that can genuinely ease the financial load. Many seniors live on fixed incomes, face higher medical costs, and rely on retirement savings that need to last for years. The tax code acknowledges those realities, offering benefits that…