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Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.

4 min

How do seniors qualify for a bonus? Understanding the 2025 Tax Deduction

Effective for tax years 2025 through 2028, a new temporary tax provision allows individuals aged 65 and older to claim an additional deduction. This is the bonus many seniors are hearing about, but understanding how seniors qualify for a bonus involves navigating specific age and income thresholds, as outlined by the IRS.

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3 min

Are Seniors Getting a Bonus? Separating Fact from Fiction on New Benefits

According to the Social Security Administration, over 72.5 million Americans received a 2.5% cost-of-living adjustment (COLA) for 2025. However, this adjustment is not a bonus, and as financial news circulates, many wonder, “Are seniors getting a bonus?” The short answer is no, but a new temporary tax deduction is available for eligible older adults, making understanding the details crucial for your financial planning.

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