Message Sent
Thank you for your inquiry. We will respond to you as soon as possible.

Confirm Message Sent
e-newsletter
Thank you for your interest in our e-newsletter. Our records indicate that you are already receiving our e-newsletter. If you have any further questions please contact us.

Email in Records
e-newsletter Preferences
Your e-newsletter settings have been saved.

Preferences Saved
  • Back to Main Website
  • Giving Home
  • How to Give
  • What to Give
  • Learn About Wills
    • Overview
    • Bequest Language
    • Wills Planner
  • Donor Stories
  • Calculators
  • Giving News
  • Contact Us

Areas of Support

Areas of Support
  • Annual Fund
  • 1180 President's Society
  • Capital Campaign
  • Restricted Gifts
  • Hardy Mendez Fund
  • Planned Giving
  • Stock Donations
Canisius High School
  • Giving News
  • Wills Planner
  • Contact Us
  • Back to Main Website
  • Giving Home
  • Gift Options
    • How to Give
    • What to Give
  • Learn About Wills
    • Overview
    • Bequest Language
    • Wills Planner
  • Donor Stories
  • Calculators
  • Our Mission
  • Gift Planning Menu
Canisius High School

Support Canisius in
a Meaningful Way

Keep us thriving with your gift, while you take advantage of numerous tax and financial benefits. Leave a legacy to be remembered by future generations.

Planned Giving
  • Free Enewsletter
  • Free Estate Planning Guide
  • St. Peter Canisius Society
Text Resize

You are at: Planned Giving > News > Washington News

Print
Email
Subsribe to RSS Feed

Thursday June 4, 2026

Washington News

Washington Hotline

IRS 2026 Tax Filing Reminder of Senior Resources

The Internal Revenue Service (IRS) released guidance outlining updates and key resources for seniors during the 2026 tax filing season. The IRS highlighted the new additional senior deduction, the Earned Income Tax Credit (EITC) and tax return preparation services.

Eligible taxpayers aged 65 and older may claim a new additional deduction of up to $6,000 per individual ($12,000 for married couples filing jointly when both spouses qualify). This additional amount is available regardless of whether the taxpayer itemizes or claims the standard deduction. The deduction phases out at higher modified adjusted gross income (MAGI) levels.

The IRS highlighted that the EITC is available to moderate-income workers and families. The maximum income amount eligible for the deduction for the 2025 tax year is $68,675. Credit amounts will vary based on income, family size and filing status.

In addition to deduction changes, the IRS noted the availability of free tax preparation assistance for qualified taxpayers. Programs such as Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE), as well as services offered through the AARP Foundation Tax-Aide network, provide in-person and, in some cases, virtual support for qualifying individuals. These programs can be valuable for taxpayers navigating Social Security taxation, required minimum distributions (RMDs), retirement account rollovers and other age-specific reporting considerations.

The IRS also reminds taxpayers to review income documentation and account information before filing. Taxpayers receiving Social Security benefits should ensure they have access to accurate Forms SSA-1099 or SSA-1042S, which can be obtained through their online Social Security accounts if replacements are needed. More broadly, the IRS encourages all filers to use their IRS Online Account to review payment history, prior-year adjusted gross income and other relevant data to reduce errors and processing delays.


Published February 20, 2026
Print
Email
Subsribe to RSS Feed

Previous Articles

IRS Online Services Available to Avoid Peak Wait Times

Create an IRS Individual Online Account

2026 Tax Filing Season Officially Opens

IRS Releases FAQs for Deductible Qualified Overtime Compensation

Free File Open For Tax Returns

scriptsknown
Canisius High School
Let us help you with your gift plans
  • I need more information
    about ways to give
  • I already know how
    I would like to give

Resources for Professional Advisors

© Copyright 2026 Crescendo Interactive, Inc. All Rights Reserved.
PRIVACY STATEMENT

This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.

Canisius High School

Canisius High School
1180 Delaware Avenue Buffalo, NY 14209
P: (716) 882-0466 F: (716) 883-1870

Canisius High School, located in the city of Buffalo, is a Catholic, Jesuit, independent, college-preparatory school serving young men of diverse backgrounds from throughout Western New York. Canisius challenges its students to strive for excellence as critical thinkers and effective communicators who are open to growth, intellectually competent, religious, loving, and committed to justice.
Contact Us
Contact Us