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

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   Frequently asked questions: Tax breaks for older Americans. Learn more about tax breaks for folks over 50 with these commonly asked questions. And take a look at our growing library of personal ...

3. 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 ...

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

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   Bigger standard deduction at age 65: Taxpayers get a standard deduction that reduces their taxable income and lowers their tax bill. For 2022, most married couples will get a standard deduction of ...

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

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   While that limitation was boosted during the pandemic, it expired in 2023, and the allowable meal deduction returned to 50%. Up to $25 of the cost of a business gift can be deducted. 24.

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

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   But if you turn 55 at any time during the tax year, you can subtract up to $20,000 from your total taxable retirement income. ... 1962 (age 62) can claim 50% of the deduction. In 2025, seniors ...

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

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   The standard deduction is a fixed deduction that varies depending on your filing status, age and dependent status. This year, the standard deduction is $12,950 for those filing single or married ...

8. Taxes 2023: Which Credits and Deductions Apply to You? - AOL

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   Tax credits and deductions were already confusing many of us before all of this year's substantial changes. Good Question: What Is the Standard Deduction for People Over 65 in 2023? FICO Fix: 3...

9. 6 Tax Deductions Seniors Might Not Know About - AOL

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