India, Feb. 2 -- U.S. tax filing season is underway, and millions of Americans aged 65 and older can now take advantage of a new federal tax deduction of up to $6,000. The deduction can help reduce taxable income, particularly for retirees who draw Social Security and manage Medicare costs.

Seniors applying for the claim do not need to file a separate claim. The deduction amount will be lined up with the tax return if the individual qualifies.

However, IRS guidelines state it is important to make sure that seniors check the box stating that they are 65 years of age or older on IRS Form 1040 or 1040-SR.

Once the tax return is in process, the enhancement is entered on Schedule 1-A (Line 37), flowing to the total deduction line.

The $6,0...