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2. The Best Tax Deductions and Tax Breaks for 2024-2025 - AOL

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   Under the recent tax law, the deductibility of state and local tax payments for federal income tax purposes is now limited to $10,000 — or $5,000 for married taxpayers filing separately — in a ...

3. Do you itemize tax deductions? Here are 4 surprising ... - AOL

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   Furthermore, these tips are not for Americans who stick with the standard deduction on their 2024 tax filing—$14,600 for single filers and married people filing separately, $21,900 for heads of ...

4. 4 Ways To Find Tax Deductions That Work for You in 2025 - AOL

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   Taxpayers can take advantage of numerous tax deductions, also known as tax write-offs, to lower their tax bill or receive a refund from the IRS come tax season. ... Most people take the standard ...

5. Taxes 2024: IRS Increases Tax Deductions $1,500 To ... - AOL

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   The Internal Revenue Service (IRS) announced its annual inflation adjustments for tax year 2024 on Nov. 9. Billionaires vs. the Middle Class: Who Pays More in Taxes?Find: What To Do If You Owe Back...

6. Tax deduction - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction

   A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and tax credits. The difference between deductions, exemptions, and credits is that deductions and exemptions both reduce taxable ...

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

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   Here are additional 2024 standard deductions for those over 65 showing the IRS’s tax inflation adjustments: Joint filers and surviving spouses can deduct an additional $1,550 per person over 65.