mavii

The IRS offers special tax breaks for seniors that can save you thousands as you get older. Here's what you need to know.

Learn about tax credits for seniors, including eligibility requirements, types of credits available, how to claim, and the benefits they offer.

As Republicans work to draft tax legislation for the 2025 federal budget package, lawmakers have introduced bipartisan legislation to eliminate the age cap on eligibility for the earned-income tax credit.

U.S. Representatives Mike Carey (R-OH-15) and Danny K. Davis (D-IL-07), both members of the House Ways and Means Committee, have reintroduced the EITC for Older Workers Act, a bipartisan bill aimed at eliminating the current age cap on eligibility for the Earned Income Tax Credit (EITC).

U.S. Reps. Mike Carey (R-Ohio-15) and Danny K. Davis (D-Ill.-07), both members of the House Ways and Means Committee, reintroduced the EITC for Older Workers Act. The bipartisan bill would eliminate the age cap for workers to qualify for the earned-income tax credit.