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2. Retirees Often Overlook These 11 Tax Deductions - AOL

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   This means that senior citizens can still contribute past that age and enjoy the corresponding tax deduction. For individuals ages 50 or older, the annual contribution limit for the 2023 tax year ...

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

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   Vermont offers a full Social Security tax exemption if your income is over $50,000 for individuals and a partial exemption for individuals who earn up to $60,000. These laws change frequently ...

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

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   The IRS considers an individual to be 65 on the day before your 65th birthday. So when claiming your standard deduction for 2023, you can take a higher standard deduction amount if you were born ...

5. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Additional amounts are available for persons who are blind and/or are at least 65 years of age. [4] The standard deduction is distinct from the personal exemption, which was set to $0 by the Tax Cuts and Jobs Act of 2017 for tax years 2018–2025. [5]

6. Income tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_the_United...

   Standard deduction: Individuals get a deduction from taxable income for certain personal expenses. An individual may claim a standard deduction. For 2021, the basic standard deduction was $12,550 for single individuals or married persons filing separately, $25,100 for a joint return or surviving spouse, and $18,800 for a head of household.

7. Personal exemption - Wikipedia

   en.wikipedia.org/wiki/Personal_exemption

   Under United States tax law, a personal exemption is an amount that a resident taxpayer is entitled to claim as a tax deduction against personal income in calculating taxable income and consequently federal income tax. In 2017, the personal exemption amount was $4,050, though the exemption is subject to phase-out limitations.

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

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   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. How all 50 states tax retirement income: A comprehensive list ...

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

   But retirees can take a $3,000 retirement income deduction through age 64, and a $10,000 deduction for seniors ages 65 and older. South Carolina also offers a $15,000 income tax deduction to all ...