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

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    Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. Married, filing jointly: $25,900 for 2022, $27,700 for 2023.

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

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    Individuals who are 65 or older and those who are blind can claim an additional $1,750 for tax-year 2022, bringing their total standard deduction to $14,700. ... 6 best colors to wear if you have ...

  4. 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 ...

  5. Tax brackets and standard deduction to increase for 2022 tax ...

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    November 12, 2021 at 12:46 PM The Internal Revenue Service announced annual inflation adjustments for the 2022 tax year, including the standard deduction and tax brackets.

  6. What Is the Standard Deduction Amount for 2022-2023 and ... - AOL

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    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 ...

  7. File:2021 Jeep Gladiator Sport in Bright White, front left.jpg

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    Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation; with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts.

  8. The mortgage interest deduction could save you ... - AOL

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    Standard vs. itemized deductions: What’s the difference? ... Say you got a $900,000 mortgage in 2016 and paid down the principal balance to $825,000 by early 2021. If you used a cash-out ...

  9. Last-Minute Tax Deductions to Take in 2022 - AOL

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    With tax season in full swing and the April 18 filing deadline rapidly approaching, many Americans are once again wondering whether they should take a standard deduction or consider itemizing ...

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