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

   www.aol.com/finance/tax-breaks-after-50-you...

   Additional medical deductions. Free tax filing assistance ... taxpayers ages 60 and 63 years old can qualify for catch-up contributions on 401(k) as high as $10,000 — or 50% more than the normal ...

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

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

   A married couple of two 65+ adults would take a total deduction of $27,700 (standard deduction) plus $1,500 for one 65+ adult plus $1,500 for second 65+ adult — a total of $30,700.

4. 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 ...

5. 4 Tax Changes Retirees Need To Know - AOL

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   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 ...

6. A Guide to Tax Breaks for Medical Expenses for Seniors - AOL

   www.aol.com/guide-tax-breaks-medical-expenses...

   The threshold for deducting these expenses has moved up and down from 7.5% to 10% over the past few years, but the 7.5% level was made permanent by the year-end COVID-19 relief bill signed in ...

7. Homestead exemption - Wikipedia

   en.wikipedia.org/wiki/Homestead_exemption

   Seniors can have their homestead assessed value "frozen" at the next assessment date after reaching age 65. California exempts the first $7,000 of residential homestead from property taxes. Colorado allows a 50% deduction for up to the first $200,000 (equivalent to a $100,000 exemption if the property is valued at $200,000 or above) for seniors ...

8. Tax deduction at source - Wikipedia

   en.wikipedia.org/wiki/Tax_deduction_at_source

   Tax deduction at source (TDS) has come into existence with the motive of collecting tax from different sources of income. As per this concept, a person (Payer) who is responsible to make payment of specified nature to any other person (Payee) shall deduct tax at source before making payment to such person (Payee) and remit the same into the account of the Central Government.

9. Do Seniors Still Get an Extra Tax Deduction? - AOL

   www.aol.com/news/ask-stacy-tax-law-seniors...

   Today’s question is about how last year’s tax reform will affect an old tax deduction: the extra personal exemption we all get when we turn 65. For more information on this topic, check out ...