Tax season can be stressful for retirees, especially those living on fixed incomes. While Social Security and pensions provide stability, taxes can quickly erode monthly budgets. Fortunately, retirees have access to a range of deductions that can reduce taxable income and lower overall liability. The challenge is knowing which deductions apply and confirming them before filing. Here are 12 tax deductions retirees should review carefully in 2025.
