As per the IRS, seniors (those ages 65 and up) who are either U.S. citizens or permanent residents must file a tax return if their gross income was at least $17,550 (single filers) or $26,625 (heads of household). Seniors married and filing jointly need to file if their gross earnings totaled at least $33,100 (one spouse is under 65) or $34,700 (both spouses are at least 65).
Even if you earned less than these amounts, filing could still get you a refund. You might even qualify for some tax breaks. GOBankingRates asked ChatGPT which tax deductions seniors most commonly miss to find out how much more money they could be saving — here’s what it said.
