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The deduction is doubled for taxpayers who qualify as both blind and at least 65. For the 2025 tax year, the standard deduction will be: $30,000 for married couples filing jointly, up $800 from 2024
The IRS officially started accepting tax returns on Jan. 23, which means it's time to dust off your receipts and gather your statements. Certain expenses qualify as tax deductions that can reduce ...
When you file your taxes, you can claim the standard deduction or choose to itemize. However, recent changes in tax law have dramatically reduced the percentage of Americans who itemize. For You:...
If you want to boost your tax return in 2024 without having to go through a lot of pain, here are six effortless tax deductions you don’t have to itemize. 1. Traditional IRA Contributions.
Gathering and saving receipts and tax documents is an important part of filing taxes and receiving your refund quickly. Whether you take the standard deduction or itemize deductions, most people ...
Here’s the top 15 self-employment tax deductions that you might qualify for: Common Tax Deductions. Here are a few of the most common self-employment tax deductions: 1. Self-Employment Tax Deduction
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Gathering and saving receipts and tax documents is an important part of filing taxes and receiving your refund quickly. Find: 6 Types of Retirement Income That Aren't TaxableAlso: 3 Signs You're...
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