CNBC’s Sharon Epperson explains a new tax deduction for people age 65 and older. For more Tax Tips, go to cnbc.com/money101 to sign up for the “Money 101 Newsletter” series.

The "big beautiful" tax law lets older American couples potentially take up to $12,000 per year off their taxable income for four years.

CNBC’s Sharon Epperson explains the new deduction for earnings from tips. For more Tax Tips, go to cnbc.com/money101 to sign up for the “Money 101 Newsletter” series.

CNBC’s Sharon Epperson explains a new tax deduction for people age 65 and older. For more Tax Tips, go to cnbc.com/money101 to sign up for the “Money 101 Newsletter” series.