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2. Retirees Often Overlook These 11 Tax Deductions - AOL

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   State Tax Exemptions for Seniors. ... 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 ...

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

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   For example, Texas offers a wide range of property tax exemptions to residents ages 65 and older, including an exemption from school district and county taxes and an additional $10,000 residence ...

4. 6 Tax Perks People Over 60 May Qualify For - AOL

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   Read Next: Top 7 Countries With Zero Income Tax. 3. Local and State Tax Perks. You could save on your property taxes if your locality offers an exemption for seniors. You might also find state ...

5. Capital Gains Exemption for Seniors - AOL

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   Current tax law does not allow you to take a capital gains tax break based on age. Once, the IRS allowed people over the age of 55 a tax exemption for home sales. However, this exclusion was ...

6. Applicable convention - Wikipedia

   en.wikipedia.org/wiki/Applicable_convention

   If more than 40% of the total basis of property is placed in service during the last three months of the tax year, the mid-quarter convention applies. Exemptions include: Property that is being depreciated under a method other than MACRS. Any residential rental property, nonresidential real property, or railroad gradings and tunnel bores.

7. 20 Valuable Tax Breaks for Seniors - AOL

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   The so-called golden years can be financially challenging, but state and federal tax breaks can provide some silver linings. Find out what's available. 20 Valuable Tax Breaks for Seniors

8. All the States That Provide Tax Breaks for Seniors - AOL

   www.aol.com/states-tax-breaks-seniors-130027018.html

   New Hampshire doesn’t tax personal income, but it does have a 4% tax on dividends and interest with a total gross from all sources of $2,400 for individuals. This tax is set to be phased out by ...

9. 10 Tax Breaks for People Over 50 - AOL

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   The perks of agingOnce you turn 50, and especially after age 65, you can qualify for extra tax breaks. Older people get a bigger standard deduction, and they can earn more before they have to file ...