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2. Here are the biggest retirement changes coming in 2023 - AOL

   www.aol.com/finance/biggest-retirement-changes...

   Huge Social Security increase. Social Security beneficiaries will see a pay raise next year thanks to an 8.7% increase in the Social Security cost-of-living adjustment (COLA) for 2023.. The ...

3. Do retirees need to file a tax return this year? Savvy Senior ...

   www.aol.com/retirees-file-tax-return-savvy...

   To get a detailed breakdown on federal filing requirements, along with information on taxable and nontaxable income, call the IRS at 800-829-3676 and ask them to mail you a free copy of the ...

4. Tax bill on 2023 Social Security benefits could catch ... - AOL

   www.aol.com/finance/tax-bill-2023-social...

   A survey by the Senior Citizens League asked 4,375 older taxpayers if they had to pay federal income tax on a portion of their Social Security benefits for the first time that year when the COLA ...

5. How much should you have in your 401(k)? Here's how your ...

   www.aol.com/finance/average-401k-balance-by-age...

   For tax year 2024, you can save as much as $23,000 in your 401(k), with that amount increasing to $23,500 for tax year 2025. ... while the 2023 median income for folks ages 65 and older was ...

6. How Inflation Could Lead to Surprise Tax Bills for Retirees - AOL

   www.aol.com/inflation-could-lead-surprise-tax...

   There’s been rumblings about retirees on Social Security possibly paying higher taxes in 2023 and 2024 due to inflation. But what exactly does that mean? First: You don’t have to worry about ...

7. 2023-2024 tax brackets and federal income tax rates - AOL

   www.aol.com/finance/2023-2024-tax-brackets...

   There are seven tax brackets for most ordinary income for the 2023 tax year: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent. ... How do federal tax brackets ...

8. Do You Have To Pay Taxes on Your Retirement Income? It ... - AOL

   www.aol.com/finance/pay-taxes-retirement-income...

   Your after-tax contributions allow you to receive funds tax-free in retirement as long as you have owned the account for at least five years. You can expect to pay taxes, though, on any tax ...

9. 8 Tax Breaks Retirees Can Prepare to Use for 2024 - AOL

   www.aol.com/finance/8-tax-breaks-retirees-2024...

   For example, a $5,000 distribution made by a retiree to a charity could potentially reduce their taxable income, saving up to $1,200 in taxes for someone in the 24% tax bracket. How to Properly ...