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  2. NJ tax relief totaling $3.5 billion expected in Phil Murphy's ...

    www.aol.com/nj-tax-relief-totaling-3-153011610.html

    StayNJ and Senior Freeze. Another $200 million is being earmarked for the StayNJ property tax relief program geared toward seniors. That is in addition to the $100 million set aside last year for ...

  3. Rep. Nicole Malliotakis floats new proposed tax cuts for ...

    www.aol.com/rep-nicole-malliotakis-floats-tax...

    US seniors currently enjoy a deduction on bonus income of $1,950 for single filers and $3,100 for joint filers, meaning the Bonus Tax Relief measure more than doubles the amount of money no longer ...

  4. IRS Volunteer Income Tax Assistance Program - Wikipedia

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

    The VITA tax returns are prepared by IRS tax law certified volunteers. The volunteers are taught how to use tax software and specific tax law each year. They must pass a tax law exam to receive basic or advanced certification. The passing score is 80%. Certificates expire at the end of the tax year and must be renewed.

  5. A Guide to Tax Breaks for Medical Expenses for Seniors - AOL

    www.aol.com/guide-tax-breaks-medical-expenses...

    The threshold for deducting these expenses has moved up and down from 7.5% to 10% over the past few years, but the 7.5% level was made permanent by the year-end COVID-19 relief bill signed in ...

  6. State and local tax deduction - Wikipedia

    en.wikipedia.org/wiki/State_and_local_tax_deduction

    The Tax Cuts and Jobs Act of 2017, signed into law by President Donald Trump, capped the total SALT deduction at $10,000 for the tax years 2018 through 2025. [24] The bill also increased the standard deduction , which significantly reduced the number of taxpayers who claim the SALT deduction. [ 25 ]

  7. 20 Valuable Tax Breaks for Seniors - AOL

    www.aol.com/finance/20-valuable-tax-breaks...

    The so-called golden years can be financially challenging, but state and federal tax breaks can provide some silver linings. Find out what's available. 20 Valuable Tax Breaks for Seniors

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