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2. Retirees Often Overlook These 11 Tax Deductions - AOL

   www.aol.com/retirees-often-overlook-11-tax...

   Here are 11 tax deductions senior citizens should know about. ... Senior citizens age 70.5 and over who own an IRA can take advantage of tax-free qualified charitable distributions. They can ...

3. Tax breaks after 50 you might not know about - AOL

   www.aol.com/finance/tax-breaks-after-50-you...

   Here are additional 2024 standard deductions for those over 65 showing the IRS’s tax inflation adjustments: Joint filers and surviving spouses can deduct an additional $1,550 per person over 65.

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

   www.aol.com/retirees-65-older-eligible-extra...

   A married couple of two 65+ adults would take a total deduction of $27,700 (standard deduction) plus $1,500 for one 65+ adult plus $1,500 for second 65+ adult — a total of $30,700.

5. 2014 Union budget of India - Wikipedia

   en.wikipedia.org/wiki/2014_Union_budget_of_India

   Income tax exemption limit for senior citizens has been raised to ₹ 300,000 (US$3,600). Investment limit under Section 80C has also been increased to ₹ 150,000 (US$1,800) from the current ₹ 100,000 (US$1,200). Housing loan interest rate deduction limit has been increased to ₹ 200,000 (US$2,400).

6. Public Provident Fund (India) - Wikipedia

   en.wikipedia.org/wiki/Public_Provident_Fund_(India)

   Annual contributions qualify for tax deduction under Section 80C of income tax as per the old Tax regime. The tax benefit is capped at ₹1.5 lacs per financial year. PPF falls under the EEE (Exempt, Exempt, Exempt) tax basket. Contribution to the PPF account is eligible for tax benefit under Section 80C of the Income Tax Act in the old Tax ...

7. National Pension System - Wikipedia

   en.wikipedia.org/wiki/National_Pension_System

   Contributions to NPS receive tax exemptions under Section 80C, Section 80CCC, and Section 80CCD(1) of the Income Tax Act. Starting from 2016, an additional tax benefit of Rs 50,000 under Section 80CCD(1b) is provided under NPS, which is over the ₹1.5 lakh exemption of Section 80C. [18] [19] [20] Private fund managers are important parts of NPS.

8. 4 Tax Changes Retirees Need To Know - AOL

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   Tax law is constantly changing, and even retirees are not immune from annual updates. In fact, seniors in particular have their own set of laws and rules to follow that may not even apply to ...

9. Do Seniors Still Get an Extra Tax Deduction? - AOL

   www.aol.com/news/ask-stacy-tax-law-seniors...

   Today’s question is about how last year’s tax reform will affect an old tax deduction: the extra personal exemption we all get when we turn 65. For more information on this topic, check out ...