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

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

   The 2023 contribution limit for a 401(k) plan is $22,500, up from $20,500 in 2022 and those 50 and older get an extra $7,500, up from $6,500 in 2022. Contributing to a tax-deferred retirement ...

3. All the States That Provide Tax Breaks for Seniors - AOL

   www.aol.com/states-tax-breaks-seniors-130027018.html

   One way to stretch limited funds is to relocate to an area that gives tax breaks to senior citizens. ... Know that in some of these states, the tax benefits start as early as 55 years of age; in ...

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

   www.aol.com/finance/states-that-tax-social...

   Seniors living in Vermont can expect to pay between 3.35% and 8.75% in state income tax, but whether your Social Security benefits are excluded depends on your filing status and adjusted gross income:

5. How all 50 states tax retirement income: A ... - AOL

   www.aol.com/finance/states-that-tax-retirement...

   Utah has a flat state income tax of 4.55%, which applies to all retirement income, including Social Security benefits. Seniors can get a tax credit against their taxable Social Security or can ...

6. Taxes 2022: Tax breaks for filers over 50 - AOL

   www.aol.com/finance/taxes-2022-tax-breaks-filers...

   Explore: Top Tips for Painless Tax Prep. Another potential benefit is that you can use the new simplified Form 1040-SR for seniors if you are 65 or older and don’t have a complicated tax return ...

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 ...