The IRS’s recent tax relief announcement for seniors has sparked a wave of questions from Americans aged 65 and older, particularly around the new $2,400 senior tax deduction introduced under the One Big Beautiful Bill Act (OBBBA), signed into law in July 2025. This temporary measure, effective for tax years 2025 through 2028, allows qualifying individuals to claim an additional $6,000 deduction—potentially saving up to $2,400 in federal taxes depending on your bracket and filing status. Combined with the existing … Continue reading $2,400 IRS Senior Deduction: Eligibility Rules, Dates & Easy Steps