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

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   For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older OR blind are: $1,850 for single or head of household. $1,500 for married taxpayers (per qualifying ...

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

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   The saver’s credit is a tax credit available to low- and middle-income taxpayers. ... the 2025 tax year. The standard deduction for 2025 has increased from $14,600 for individuals and $29,200 ...

4. Seniors and Taxes: Is There an End in Sight? - AOL

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   A single filer over 65 gets an extra $1,750 deduction, a couple filing jointly gets an extra $1,400 for each partner who is 65 or older. So if only one spouse is 65 or older, the extra deduction ...

5. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

6. Taxes 2023: What's the standard deduction for people over 65?

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   The standard deduction for those over age 65 in 2023 (filing tax year 2022) is $14,700 for singles, $27,300 for married filing jointly if only one partner is over 65 (or $28,700 if both are), and ...

7. IRS announces new income tax brackets for 2024 - AOL

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   The IRS on Thursday announced higher federal income tax brackets and standard deductions for 2024.

8. States that tax Social Security benefits — including changes ...

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   The good news is that Montana residents over age 65 can take a new standard $5,500 deduction from their federal taxable income for the 2024 tax year. ... gross income: 2024 tax year — 35% of ...

9. Some might see a bigger 2024 tax refund after inflation ...

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   The standard deduction is rising 6.9% or 7.2%, depending on filing status, while the Earned Income Tax Credit amount will increase by 7.1%, the Internal Revenue Service announced this week.