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2. State and local tax deduction - Wikipedia

   en.wikipedia.org/wiki/State_and_local_tax_deduction

   The Revenue Act of 1964 restricted the SALT deduction to state and local taxes on real property, personal property, income, general sales, and gasoline and other motor fuels. [17] Amid the 1970s energy crisis, Congress passed the Revenue Act of 1978, which eliminated the deduction for state and local taxes on gasoline and motor vehicle fuel.

3. Major tax changes for 2022 you need to know - AOL

   www.aol.com/finance/major-tax-changes-2022-know...

   All taxpayers are entitled to the standard deduction unless they choose to itemize their deductions. The 2022 standard deductions for all filing statuses are as follows:Single: $12,950 (up from ...

4. How deductions, exemptions during the 2022 tax season ... - AOL

   www.aol.com/news/2022-tax-deductions-exemptions...

   Tax season 2021: With higher inflation comes higher taxes. That's because certain tax deductions and exemptions aren't indexed to inflation

5. RV Tax Deductions You Should Know About - AOL

   www.aol.com/rv-tax-deductions-know-180000457.html

   The first and most used RV tax deduction is the home mortgage interest deduction. This can obviously be applied if your RV is your primary home, but can also be applied to RVs used as secondary ...

6. Taxes 2022: Important changes to know for this year's ... - AOL

   www.aol.com/finance/taxes-2022-important-changes...

   Taxes 2022: Important changes to know for this year's tax season. ... you can get take the standard deduction and still deduct up to $300 for single filers and up to $600 for joint filers. Last ...

7. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

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

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

   A tax credit, on the other hand, reduces the tax you owe — every $1 of tax credit reduces your tax bill by by $1. If you owe $10,000 in taxes and qualify for a $2,500 tax credit, your tax bill ...

9. Tax brackets and standard deduction to increase for 2022 tax ...

   www.aol.com/finance/tax-brackets-standard...

   The Internal Revenue Service announced annual inflation adjustments for the 2022 tax year, including the standard deduction and tax brackets. The changes take into account the rise in inflation ...