Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.
Millions of older American taxpayers are set to receive significant tax relief under recent legislation. This article will explain what is the new tax credit for seniors, clarifying that it is a bonus deduction and not a credit, and detail how eligible individuals can benefit.
According to the Congressional Research Service, while senior poverty has decreased over the last 50 years, millions still face financial hardship, making tax relief proposals like the one containing the "$4,000 senior bonus" of keen interest. This article provides a definitive breakdown of this specific tax proposal.
In a significant tax change for older adults, the U.S. government introduced a new federal tax deduction in 2025, unofficially dubbed the “senior bonus.” This new provision offers substantial tax relief, but many wonder who is eligible for the senior bonus in 2025 and how to claim it.
