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  2. What Is the Standard Deduction for Married Filing Jointly in ...

    www.aol.com/standard-deduction-married-filing...

    The IRS gives taxpayers two options to lower taxable income: itemize deductions or take the standard deduction. The standard deduction for married taxpayers filing jointly is $25,900, up from $800...

  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. Taxes 2023: What's the standard deduction for people over 65?

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    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 ...

  5. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

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

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    This year, the standard deduction is $12,950 for those filing single or married filing separately. Married couples filing together can deduct $25,900, and heads of household can deduct $19,400.

  7. What Is the Standard Deduction Amount for 2022-2023 and ... - AOL

    www.aol.com/finance/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.

  8. What are the tax brackets for tax years 2024 and 2025? What ...

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    For single taxpayers and married individuals filing separately, the standard deduction rose to $14,600, up $750 from tax year 2023, the IRS reported. For married couples filing jointly for tax ...

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

    www.aol.com/finance/taxes-2023-credits...

    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...

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