Senior discounts are commonplace in restaurants, but there's one for taxes too. It's called the extra standard deduction, exclusively for people who are 65 years and older by the end of the tax year.

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When it comes to taxes, it’s much easier to take the standard deduction and get your return done quickly. But sometimes a little extra effort to itemize deductions could be worth it to lower ...

It's important to note that the above chart reflects the IRS's change to the standard deduction in the fall, plus the OBBB increase. So, for example, while the IRS initially increased the 2025 ...