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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 ...

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   For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older OR blind are: $1,850 for single or head of household. $1,500 for married taxpayers (per qualifying ...

4. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

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   Individuals age 55 and older can contribute an additional $1,000. 5. Home Office. ... Tax deductions are not the only way to lower your tax bill. Whether you choose the standard deduction or ...

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

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   The good news is that Montana residents over age 65 can take a new standard $5,500 deduction from their federal taxable income for the 2024 tax year. ... Taxpayers over 55 were once allowed a one ...

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

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   For 2022, most married couples will get a standard deduction of $25,100. For single taxpayers and married individuals filing separately, the standard deduction is $12,550.

7. 10 tax breaks for people over 50 - AOL

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   10 tax breaks for people over 50. US News. Emily Brandon. Updated February 10, 2017 at 12:33 PM. The perks of aging. ... Older people get a bigger standard deduction, and they can earn more before ...

8. 6 Tax Perks People Over 60 May Qualify For - AOL

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   Larger Standard Deduction Starting the tax year you turn 65, you can add a small amount to your standard deduction, which depends on the year and your filing status.

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

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   Your deduction for charitable contributions generally can’t be more than 60% of your adjusted gross income, but in some cases, 20%, 30%, or 50% limits may apply.