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

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   Additional medical deductions. Free tax filing assistance ... you’re 55 or older at the end of the tax year, you’re able to contribute $4,150 to your HSA if you use an individual healthcare ...

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

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   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 ...

4. 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 ...

5. AARP Offers Free Tax Help for Seniors — Here’s What To Know

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   AARP Foundation Tax-Aide provides tax assistance to anyone free of charge, according to an announcement on the organization’s website. Tax-Aide’s focus is on taxpayers who are over 50 and have ...

6. Effortless Tax Deductions: 6 Write-Offs You Don’t ... - AOL

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   If you are 55 and older, you are eligible to make an additional $1,000 in contributions. ... How To Get Free Money: 13 Proven Ways. ... Effortless Tax Deductions: 6 Write-Offs You Don’t Have To ...

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

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   A tax credit, on the other hand, reduces the tax you owe — every $1 of tax credit reduces your tax bill by by $1. If you owe $10,000 in taxes and qualify for a $2,500 tax credit, your tax bill ...

8. 13 Tax Deductions You Can Take Without Itemizing - AOL

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   When you file your taxes, you can claim the standard deduction or choose to itemize. However, recent changes in tax law have dramatically reduced the percentage of Americans who itemize. For You:...

9. What Is a Tax Deduction and How Do Tax Deductions Work? - AOL

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   Tax deductions lower your taxable income, which reduces the amount of income tax you’re required to pay. Most tax deductions are expenses that you pay either to generate income or provide a ...