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

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

   Taxpayers over 55 were once allowed a one-time $125,000 in capital gains exemption for selling their home, known as the over-55 rule, but that rule was phased out in 1997.

3. Retirees Often Overlook These 11 Tax Deductions - AOL

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

   Senior citizens age 70.5 and over who own an IRA can take advantage of tax-free qualified charitable distributions. They can transfer up to $100,000 per year, counting toward the required minimum ...

4. What Tax Credits Can I Qualify for in 2025? - AOL

   www.aol.com/tax-credits-qualify-2025-160031187.html

   For reference, this provision increases the maximum refundable amount per child to $1,800 in tax year 2023, $1,900 in tax year 2024, and $2,000 in tax year 2025. This is in addition to the ...

5. Women's 4 × 400 metres relay world record progression

   en.wikipedia.org/wiki/Women's_4_×_400_metres...

   The following table shows the world record progression in the women's 4 x 400 metres relay. The first world record in the event was recognised by the International Association of Athletics Federations in 1969. [1] 15 world records have been ratified by the IAAF in the event.

6. Taxes 2022: Tax breaks for filers over 50 - AOL

   www.aol.com/finance/taxes-2022-tax-breaks-filers...

   The catch-up is an additional $1,000 if you reach 55 during the year. ... you get an extra $1,700 standard deduction for tax year 2021 and an extra $1,750 for tax year 2022. ... Taxes 2022: Tax ...

7. Charitable contribution deductions in the United States

   en.wikipedia.org/wiki/Charitable_contribution...

   Joy is not entitled to deduct the $10,000 value of "free services" that she performed. Nor is she entitled to deduct the $500 of child care expenses incurred in the week she was volunteering. However, Joy may deduct the $150 car expenses, as well as the $400 hotel expenses incurred in her time volunteering at the camp, for a total deduction of ...

8. Depreciation recapture - Wikipedia

   en.wikipedia.org/wiki/Depreciation_recapture

   When a taxpayer sells an asset for a gain after taking deductions for depreciation, depreciation recapture is used to tax the gain. Because the taxpayer received a deduction from ordinary income for the depreciation of the asset, any gain the taxpayer receives, up to the depreciation amount, must be included as ordinary income to offset the ...

9. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

   www.aol.com/finance/10-tax-deductions-know-2023...

   A tax credit, on the other hand, reduces the tax you owe — every $1 of tax credit reduces your tax bill by by $1. If you owe $10,000 in taxes and qualify for a $2,500 tax credit, your tax bill ...