Quick Read Retirees are entitled to a new tax deduction. For eligible seniors 65 and over, the deduction can reduce taxable income by $6,000. The amount of tax savings available depends on your tax bracket. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. When retirees file their 2025 tax return by April of 2026, they may get very pleasant news. Many seniors who are 65 and over will receive a subst ...