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The Economic Times

Top News / The Economic Times

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How the $6,000 senior tax deduction works, and who benefits most

A new $6,000 tax deduction helps seniors 65 and older save money on taxes. It can give an average refund of $670 and more for some. The deduction works for single filers and married couples, with income limits. Even seniors who take the standard deduction or dont yet get Social Security can benefit.

18 Jan 2026 12:11 am