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

    www.aol.com/finance/tax-breaks-after-50-you...

    Read our guide to the states that tax Social Security — including tips to lower your tax bill. Sources 401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000, IRS.

  3. Retirees Often Overlook These 11 Tax Deductions - AOL

    www.aol.com/retirees-often-overlook-11-tax...

    Here are 11 tax deductions senior citizens should know about. Find Out: 3 Ways To Recession-Proof Your Retirement. 1. Traditional IRA Contributions at Any Age.

  4. 8 Tax Breaks Retirees Can Prepare to Use for 2024 - AOL

    www.aol.com/finance/8-tax-breaks-retirees-2024...

    The tax-filing threshold is a minimum limit of gross income that an individual must reach before having to file a tax return. Fortunately for retirees, this threshold is elevated.

  5. 10 tax tips for seniors - AOL

    www.aol.com/news/2010-02-04-10-tax-tips-for...

    Every year about this time, I receive a lot of mail from seniors who are confused about whether they should file a tax return. The confusion stems from the fact that many seniors receive income ...

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

    www.aol.com/im-senior-ever-stop-filing-130049547...

    Use your bigger standard deduction: If you’re 65 or older and you don’t itemize deductions, you are entitled to a higher standard deduction. A single filer over 65 gets an extra $1,750 ...

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

    www.aol.com/retirees-65-older-eligible-extra...

    The standard deduction reduces a taxpayer’s taxable income, ensuring that only households with income above certain thresholds will owe income tax. The standard deduction amounts for 2023 are ...

  8. 2 Ways Seniors Can Save Big on Their 2024 Taxes and Help ...

    www.aol.com/2-ways-seniors-save-big-150043510.html

    He said these strategies are important, because many people don’t get a tax deduction for their charitable giving, due to standard deductions being so high — $14,600 single [and] $29,200 ...

  9. 20 Valuable Tax Breaks for Seniors - AOL

    www.aol.com/finance/20-valuable-tax-breaks...

    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

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