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2. Taxes 2024: IRS Increases Tax Deductions $1,500 To ... - AOL

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   Tax Deductions For the 2024 Tax Year The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023.

3. Retirees 65 and Older Eligible for Extra Standard Deduction ...

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   The standard deduction amounts for 2023 are $27,700 if you’re married filing jointly (an increase of $1,800 from 2022), $20,800 for heads of households (a $1,400 gain) and $13,850 for single ...

4. The Best Tax Deductions and Tax Breaks for 2023-2024 - AOL

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   Under the recent tax law, the deductibility of state and local tax payments for federal income tax purposes is now limited to $10,000 — or $5,000 for married taxpayers filing separately — in a ...

5. Paid your student loans in 2023? You could qualify for this ...

   www.aol.com/paid-student-loans-2023-could...

   February 1, 2024 at 8:30 AM. ... Student loans eligible for tax deductions. ... the House introduced legislation to increase the deduction limit to $10,000, plus $500 for dependents. It would also ...

6. IRS announces higher standard deduction, new tax ... - AOL

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   For heads of households, the standard deduction will be $22,500 for tax year 2025 — up $600 from 2024. About 90% of taxpayers claim the standard deduction now and do not itemize deductions.

7. Some might see a bigger 2024 tax refund after inflation ...

   www.aol.com/finance/might-see-bigger-2024-tax...

   The standard deduction is rising 6.9% or 7.2%, depending on filing status, while the Earned Income Tax Credit amount will increase by 7.1%, the Internal Revenue Service announced this week.

8. Taxes 2023: What's the standard deduction for people over 65?

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   For tax year 2023 (filed in 2024), standard deductions have been increased to $13,850, $27,700 and $20,800 for singles or married but filing separately, married couples filing jointly (and ...

9. 4 Ways To Find Tax Deductions That Work For You in 2024 - AOL

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   Medical expenses: You can claim a deduction for medical and dental expenses greater than 7.5% of your adjusted gross income if you itemize your deductions. Student loan interest: If you made ...