The $23,750 ‘Senior Shield’: Are You Leaving Free Money on the Table?

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If you’re 65 or older, the IRS just gave you a raise—you just might not know it yet. For decades, seniors had to piece together standard deductions and personal exemptions to lower their tax bills. But for tax years 2025-2028, the math has changed significantly, thanks to a provision of the One Big Beautiful Bill that was signed into law in July. For a single filer aged 65 or older…

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