
A new tax break for seniors is making headlines, but many retirees could miss out simply because they don’t file correctly. The new “senior bonus deduction” allows eligible taxpayers age 65 and older to subtract up to $6,000 from their taxable income. But like many tax benefits, the rules aren’t automatic. You have to claim it properly. If you don’t, you could leave thousands of dollars on the table without even realizing it.