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  2. Retirees Often Overlook These 11 Tax Deductions - AOL

    www.aol.com/retirees-often-overlook-11-tax...

    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 ...

  3. 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 ...

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

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

    The standard deduction amounts for 2023 are $27,700 if you’re married filing jointly (an increase of $1,800 from 2022), $20,800 for heads of households (a $1,400 gain) and $13,850 for single ...

  5. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    Standard deduction in 2023 70-year-old single individual $13,850 + $1,850 = $15,700 40-year-old single individual who is blind $13,850 + $1,850 = $15,700 Married couple, ages 78 and 80, one of whom is blind $27,700 + $1,500 + $1,500 + $1,500 = $32,200 Dependent who earns $200 in 2023 $1,250 (minimum standard deduction for dependents)

  6. What Is the Standard Deduction Amount for 2022-2023 and When ...

    www.aol.com/difference-between-standard...

    Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. Married, filing jointly: $25,900 for 2022, $27,700 for 2023.

  7. 4 Tax Changes Retirees Need To Know - AOL

    www.aol.com/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 ...

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