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2. Advisors Should Understand These 2023 Tax Changes Now - AOL

   www.aol.com/finance/advisors-understand-2023-tax...

   The limits on QBI deductions will increase significantly in 2023 to $182,100 for individuals (up from $170,050) and $364,200 for married couples (up from $340,100).

3. 15 Self-Employment Tax Deductions You Should Know - AOL

   www.aol.com/15-self-employment-tax-deductions...

   This deduction includes up to $23,000 as an employee, and up to 25% of net earnings (up to $45,000) for a total of $69,000 in deductions. This can massively lower your tax burden and save ...

4. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

   www.aol.com/finance/10-tax-deductions-know-2023...

   The standard deduction is a fixed deduction that varies depending on your filing status, age and dependent status. This year, the standard deduction is $12,950 for those filing single or married ...

5. Taxes 2023: Which Credits and Deductions Apply to You? - AOL

   www.aol.com/finance/taxes-2023-credits...

   Tax credits and deductions were already confusing many of us before all of this year's substantial changes. Good Question: What Is the Standard Deduction for People Over 65 in 2023? FICO Fix: 3...

6. The Qualified Business Income (QBI) Deduction - AOL

   www.aol.com/news/qualified-business-income-qbi...

   The 2017 Tax Cuts and Jobs Act introduced a deduction for qualified businss income (QBI) that provides a significant tax break to many business owners. The newly created Section 199A of the ...

7. The QBI Deduction for Real Estate Activities - AOL

   www.aol.com/news/qbi-deduction-real-estate...

   The question that many tax professionals have been asking since the QBI deduction was created by the Tax Cuts and Jobs Act of 2017 is whether this write-off applies to real estate activities ...

8. New Pass-Through Tax Deduction Could Be a Bust for ... - AOL

   www.aol.com/news/pass-tax-deduction-could-bust...

   When all is said and done, the QBI deduction could actually end up forcing people who save for retirement in a SIMPLE IRA, SEP IRA or 401(k) to pay more in taxes, not less. New Pass-Through Tax ...

9. What Is the Standard Deduction Amount for 2022-2023 and When ...

   www.aol.com/finance/difference-between-standard...

   Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. Married, filing jointly: $25,900 for 2022, $27,700 for 2023.