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2. Retirees Often Overlook These 11 Tax Deductions - AOL

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   Here are 11 tax deductions senior citizens should know about. ... Senior citizens age 70.5 and over who own an IRA can take advantage of tax-free qualified charitable distributions. They can ...

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

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

   A married couple of two 65+ adults would take a total deduction of $27,700 (standard deduction) plus $1,500 for one 65+ adult plus $1,500 for second 65+ adult — a total of $30,700.

4. A Guide to Tax Breaks for Medical Expenses for Seniors - AOL

   www.aol.com/guide-tax-breaks-medical-expenses...

   The threshold for deducting these expenses has moved up and down from 7.5% to 10% over the past few years, but the 7.5% level was made permanent by the year-end COVID-19 relief bill signed in ...

5. 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 ...

6. 6 Tax Deductions Seniors Might Not Know About - AOL

   www.aol.com/finance/6-tax-deductions-seniors...

   The official tax filing day in the U.S. is Tuesday, April 18 this year. And if you're trying to qualify for every deduction you can, you need to know what's available to you before you drop your ...

7. 4 Tax Changes Retirees Need To Know - AOL

   www.aol.com/finance/4-tax-changes-retirees-know...

   Tax law is constantly changing, and even retirees are not immune from annual updates. In fact, seniors in particular have their own set of laws and rules to follow that may not even apply to ...

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

   www.aol.com/standard-deduction-people-over-65...

   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 ...

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.