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

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   Colorado generally taxes Social Security benefits over $20,000 for residents ages 55 to 64 and $24,000 for residents over 65. Connecticut taxes 50% of the Social Security benefits you receive ...

3. Retirees Often Overlook These 11 Tax Deductions - AOL

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   Here are 11 tax deductions senior citizens should know about. ... past that age and enjoy the corresponding tax deduction. For individuals ages 50 or older, the annual contribution limit for the ...

4. How all 50 states tax retirement income: A comprehensive list ...

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   But if you turn 55 at any time during the tax year, you can subtract up to $20,000 from your total taxable retirement income. ... 1962 (age 62) can claim 50% of the deduction. In 2025, seniors ...

5. Effortless Tax Deductions: 6 Write-Offs You Don’t ... - AOL

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   As MoneyTalksNews reported, for the 2023 tax year — the one due in spring 2024 — workers younger than age 50 can contribute up to $6,500 to an IRA, while those age 50 and older can contribute ...

6. 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 ...

7. The Best Tax Deductions and Tax Breaks for 2024-2025 - AOL

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   While that limitation was boosted during the pandemic, it expired in 2023, and the allowable meal deduction returned to 50%. Up to $25 of the cost of a business gift can be deducted. 24.