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2. Forgot to Make a 2024 IRA Contribution? You Still Have Time.

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   The deadline for 2024 IRA contributions. The IRS lets you make 2024 IRA contributions until the tax deadline -- April 15, 2025. This is the deadline even if you request an extension to file your ...

3. 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.

4. Retirees Often Overlook These 11 Tax Deductions - AOL

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   Senior citizens age 70.5 and over who own an IRA can take advantage of tax-free qualified charitable distributions. They can transfer up to $100,000 per year, counting toward the required minimum ...

5. Open an IRA before the tax deadline to save on taxes - AOL

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   For 2024, the contribution limit increases to $7,000, or $8,000 for those over age 50. However, if your income does not reach these levels, you may only contribute up to your taxable income.

6. 2 Important IRA Changes Coming in 2025 That Investors ... - AOL

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   Tax Filing Status. 2024 MAGI. 2025 MAGI. Traditional IRA Deduction. Single individuals covered by a workplace retirement plan. $77,000 or less. $79,000 or less

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

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   16. IRA Contributions or 401(k) Contributions. Although IRS rules don’t allow deductions for Roth IRA contributions, you might be able to claim the amount that you put in a traditional IRA or ...

8. IRA taxes: Key rules to know and how much you can ... - AOL

   www.aol.com/finance/ira-taxes-key-rules-know...

   March 25, 2024 at 1:02 PM. ... The short story: A traditional IRA gets you a tax break today, but you pay taxes when you withdraw any money. ... or non-deductible, contribution to a traditional ...

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

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   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 ...