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2. Mortgage Interest Deduction: Limits and How It Works - AOL

   www.aol.com/finance/mortgage-interest-deduction...

   For tax year 2024, the standard deduction is $14,600 for single filers and married individuals filing separately, $21,900 for heads of household, and $29,200 for married couples filing jointly.

3. Charity Donation Tax Deductions: What You Can and Can’t Claim

   www.aol.com/finance/charity-donation-tax...

   December 11, 2024 at 4:57 PM. ... Itemize your deductions using Form 1040 Schedule A. If your donations are more complex — such as if you are donating a vehicle, appreciated assets or if you ...

4. The Best Tax Deductions and Tax Breaks for 2024-2025 - AOL

   www.aol.com/most-americans-think-taking-entitled...

   Self-employed individuals claim these expenses on Schedule C (Form 1040). Farmers can use ... The standard deduction amounts for tax year 2024 are as follows: Single filers: $14,600. Married ...

5. IRS Volunteer Income Tax Assistance Program - Wikipedia

   en.wikipedia.org/wiki/IRS_Volunteer_Income_Tax...

   Schedule EIC – Earned Income Credit; Schedule SE – Self Employment Tax; Form 2441 – Child Care Expenses; Form 8863 – Education Credits; Form 1040NR; Most State Tax Forms; Returns with K-1 Income, fiduciary pass-through's only; Form 8889 & HSA's; Schedule R; Schedule C – Business Expenses with: A net loss exceeding $10,000; Deductions ...

6. Welcome to tax season. What to know before you file - AOL

   www.aol.com/finance/welcome-tax-season-know-file...

   Separate chatter from reality on the state and local tax deduction There is a lot of talk about increasing the state and local tax deduction. None of it applies to your 2024 tax return.

7. State and local tax deduction - Wikipedia

   en.wikipedia.org/wiki/State_and_local_tax_deduction

   To claim the deduction, taxpayers must itemize their deductions on Schedule A of Form 1040. There is a $10,000 limit on the SALT deduction, or $5,000 for a married person filing a separate return. There is a $10,000 limit on the SALT deduction, or $5,000 for a married person filing a separate return.

8. IRS tax forms - Wikipedia

   en.wikipedia.org/wiki/IRS_tax_forms

   As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ – see below for explanations of each) used for such returns.

9. 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 ...