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

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

   Some common expenses for retirees that are tax-deductible include the cost of glasses and vision care, hearing aids, most dental care, programs to stop smoking, mileage to and from medical ...

3. Retirees Often Overlook These 11 Tax Deductions - AOL

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

   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 ...

4. Are There Any Tax Benefits of Age-Restricted Housing for ...

   www.aol.com/tax-benefits-age-restricted-housing...

   Seniors who move into nursing homes or other types of assisted-living centers are eligible for tax deductions based on medical needs and other factors. As with any tax break, you need to pay close...

5. 7 Things Retirees Need To Know About Filing Income Tax Returns

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   “If the retiree is age 70 and a half or older and has done a qualified charitable distribution (QCD) from their IRA, the tax form 1099-R does not list anything specifically about the ...

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

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

   As you get older, it's no surprise that you usually have more healthcare needs. Medicare can cover the bulk of your medical expenses after you turn 65, but it still leaves some potentially large ...

7. How to manage health care costs in retirement - AOL

   www.aol.com/finance/manage-health-care-costs...

   HSAs are offered as part of high-deductible health insurance plans and come with the triple tax benefit of tax-deductible contributions, tax-free withdrawals for medical expenses and tax-deferred ...

8. 6 Hidden Tax Breaks for Retirees - AOL

   www.aol.com/finance/6-hidden-tax-breaks-retirees...

   When you hit age 72, or age 70 1/2 if you are 70 1/2 before January 1, 2020, the IRS requires that you start taking required minimum distributions from your retirement savings in qualified plans ...

9. 8 Tax Breaks Retirees Can Prepare to Use for 2024 - AOL

   www.aol.com/8-tax-breaks-retirees-2024-143940592...

   For example, the threshold for seniors aged 65 or older was $14,700 for single filers and $28,700 for joint filers (who are both age 65 or older) in 2023. The threshold is $12,950 and $25,900 ...