Young and the Invested on MSN
OBBB senior deduction: 8 critical details to know
The Senior Deduction can be as high as $6,000 ($12,000 for married couples filing jointly)—but you won't be able to deduct ...
A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...
The IRS offers special tax breaks for seniors that can save you thousands as you get older. Many older Americans miss these deductions simply because they don’t know about them. Whether you’re retired ...
The 'One Big Beautiful Bill Act' (OBBBA), signed into law on July 4, 2025, by President Trump, marks the end of the IRS's free tax filing programs. This includes the termination of the IRS Direct File ...
The IRS has officially announced the discontinuation of its Free Direct File tool, a decision that will impact taxpayers looking for free filing options in the upcoming tax season. This move comes ...
The Internal Revenue Service has halted a popular service that once provided a free option for taxpayers to file their taxes ...
The landscape of tax filing in the United States has undergone a notable transformation with the announcement of the end of the Direct File program by the Internal Revenue Service (IRS). IRS ...
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Tax Season: Alternatives After IRS Direct File Ends
The IRS Direct File program was a pilot initiative launched in 2024, designed to allow taxpayers to file their taxes directly with the IRS without intermediaries or fees. During its trial, over ...
While the IRS hasn’t officially confirmed that Direct File is dead, the IRS website indicates that the program is closed and past users will have to file a special form to get their previous tax ...
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