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2. Medical Expenses You Can Deduct From Your Taxes - AOL

   www.aol.com/finance/medical-expenses-deduct...

   With a hypothetical $6,500 in medical expenses, subtracting your $3,750 base amount from the $6,500 in expenses equals $2,750, which is your deduction if you choose to itemize rather than take the ...

3. A Guide to Tax Breaks for Medical Expenses for Seniors - AOL

   www.aol.com/guide-tax-breaks-medical-expenses...

   If you have a long-term care insurance policy, you can also deduct a portion of the premiums you pay for that coverage based on your age — up to $1,630 in 2020 for ages 51 to 60, up to $4,350 ...

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

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

   7. Medical and Dental Expenses. You can claim a deduction for medical and dental expenses that are greater than 7.5% of your adjusted gross income if you itemize deductions. Qualifying expenses ...

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

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

   Additional standard deductions. Once you or your spouse turn 65, you can qualify for an additional standard deduction on top of the basic standard deduction you’d normally receive — or $14,600 ...

6. What are standard and itemized tax deductions? - AOL

   www.aol.com/finance/standard-itemized-tax...

   You can choose which to take when you're filing your return. Because of itemized deduction caps and the standard deduction increase, the standard deduction gives almost 90% of tax filers the ...

7. IRS announces higher standard deduction, new tax ... - AOL

   www.aol.com/irs-announces-higher-standard...

   The standard deduction climbs to $30,000 — up $800 from 2024 — for married couples filing jointly. For heads of households, the standard deduction will be $22,500 for tax year 2025 — up $600 ...

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

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

   The standard deduction amounts for 2023 are $27,700 if you’re married filing jointly (an increase of $1,800 from 2022), $20,800 for heads of households (a $1,400 gain) and $13,850 for single ...

9. How the New Standard Deduction Changed Your Tax Bill - AOL

   www.aol.com/news/standard-deduction-changed-tax...

   The standard deduction for each filing status was almost doubled compared to 2017. While this is a relief for tax payers, it reduces the likelihood of people itemizing deductions.