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

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   You might be retired, but that doesn't mean you're free from Uncle Sam. Although you're no longer collecting a paycheck from an employer, you probably still have to pay income taxes. Filing is a...

3. Trump-Era Tax Cuts Are Expiring: How Changes Will Impact Retirees

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   For 2023 federal income tax returns (to be filed in April 2024), the standard deduction amounts are $13,850 for single and married filing separately individuals, $27,700 for those married filing ...

4. 2025 Federal Income Tax Brackets and Rates: Everything You ...

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   IRS tax brackets are divided based on your taxable income level, with different incomes taxed at different federal income tax rates. There are seven brackets for 2024 earnings, ranging from 10% to ...

5. 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.

6. 8 Tax Breaks Retirees Can Prepare to Use for 2024 - AOL

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   The tax-filing threshold is a minimum limit of gross income that an individual must reach before having to file a tax return. Fortunately for retirees, this threshold is elevated.

7. I'm Retired. How Will My Rental Income Be Taxed? - AOL

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   Rental income is generally considered ordinary income for federal taxes, and can get taxed at various rates ranging between 10% to 37% depending on individual tax ... tax on other retirement ...

8. 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 ...

9. Tax bill on 2023 Social Security benefits could catch ... - AOL

   www.aol.com/finance/tax-bill-2023-social...

   If you file a federal tax return as an individual and your combined income from all sources, including your Social Security benefit, is between $25,000 and $34,000, you may have to pay income tax ...