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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...

   Many medical expenses can be tax-deductible, but the rules have always been complicated: To qualify for this tax break, you need to itemize your deductions, and then you can only deduct the ...

4. 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 ...

5. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...

6. The Pros and Cons of Standard vs. Itemized Tax Deductions - AOL

   www.aol.com/news/pros-cons-standard-vs-itemized...

   It shields a portion of your earnings from income tax. While the standard deduction is the government's built-in subtraction that you can take while preparing your taxes, itemizing is composed of ...

7. What Is the Standard Deduction Amount for 2022-2023 and When ...

   www.aol.com/finance/difference-between-standard...

   When you file your federal income tax return, you have two choices: take the standard deduction or itemize your deductions. Check Out: 8 IRS Secrets To Know for the 2023 Tax Filing SeasonMore: 3 ...

8. Should you itemize or take a standard deduction on your tax ...

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

   According to tax pros, itemizing generally only makes sense if your itemized deductions, taken together, add up to more than the current standard deduction of $13,850 for a single filer and ...

9. 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 ...