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  2. 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. ... Form 1040, Itemized ...

  3. 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 ...

  4. Major tax changes for 2022 you need to know - AOL

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    The 2022 standard deductions for all filing statuses are as follows:Single: $12,950 (up from $12,550 in 2021) ... Still No Limitation on Itemized Deductions Prior to 2018, if your adjusted gross ...

  5. Itemized deduction - Wikipedia

    en.wikipedia.org/wiki/Itemized_deduction

    Any deduction not found in section 67(b) is a miscellaneous itemized deduction. [7] Examples include: Job-related clothing or equipment, such as steel-toed boots, hardhats, uniforms (if they are not suited for social wear: suits and tuxedoes are not deductible, even if the taxpayer does not like to wear them, but nurses' and police uniforms are ...

  6. 6 tax-efficient giving strategies before 2022 ends - AOL

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    Giving Tuesday has come and gone for 2022 ... “By claiming charitable donations as tax deductions on your tax return on Form 1040, Schedule A, Itemized Deductions, instead of claiming the ...

  7. 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 ...

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