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2. 7 Things Retirees Need To Know About Filing Income Tax ... - AOL

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   “Long-term capital gains and qualified dividends might be taxed at lower rates than ordinary income.” ... 7 Things Retirees Need To Know About Filing Income Tax Returns. Show comments ...

3. How all 50 states tax retirement income: A ... - AOL

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   New Mexico taxes retirement income using state income tax rates, which range from 1.7% to 5.9% in 2024. Residents ages 65 and older can claim an $8,000 exemption to offset their tax burdens.

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

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   For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older OR blind are: $1,850 for single or head of household. $1,500 for married taxpayers (per qualifying ...

5. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   The rest of the century balanced new taxes with abolitions: Delaware levied a tax on several classes of income in 1869, then abolished it in 1871; Tennessee instituted a tax on dividends and bond interest in 1883, but Kinsman reports [59] that by 1903 it had produced zero actual revenue; Alabama abolished its income tax in 1884; South Carolina ...

6. Illinois Fair Tax - Wikipedia

   en.wikipedia.org/wiki/Illinois_Fair_Tax

   Under current law, Illinois's state income tax rate is a flat rate of 4.95 percent. A flat income tax, which taxes all income levels at the same rate, is required by the current Illinois state constitution. [4] Illinois is one of 11 U.S. states with a flat income tax; seven states have no income tax; 32 other states use graduated income taxes ...

7. Illinois Department of Revenue - Wikipedia

   en.wikipedia.org/wiki/Illinois_Department_of_Revenue

   The Illinois Department of Revenue (IDOR) is the code department [1] [2] of the Illinois state government that collects state taxes, operates the state lottery, oversees the state's casino industry, oversees the state's thoroughbred and harness horse racing industries, and regulates the distribution of alcoholic beverages throughout Illinois, including beer, wine, and liquor. [3]

8. Retirees Often Overlook These 11 Tax Deductions - AOL

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   There may be no federal income tax payable for senior citizens with total earnings less than $25,000 per year. Between $25,000 and $34,000, there are also significant reductions in federal income tax.

9. Category:Taxation in Illinois - Wikipedia

   en.wikipedia.org/wiki/Category:Taxation_in_Illinois

   Illinois Exempt Veterans' Organizations from Property Taxes Amendment (1978) Illinois Exempt Veterans' Organizations from Property Taxes Amendment (1984) Illinois Exempt Veterans' Organizations from Property Taxes Amendment (1986)