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

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

   For the 2025 tax year, if you’re 50 or older, you can contribute an additional $7,500 to an eligible employee retirement account, for a total of $31,000 per year. Eligible accounts include: 401(k)s

3. 8 Tax Breaks Retirees Can Prepare to Use for 2024 - AOL

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

   For those aged 55 and older, the contribution limit to health savings accounts, tax-advantaged accounts for health-related expenses, increases by $1,000. This adjustment enables retirees to set ...

4. How all 50 states tax retirement income: A comprehensive list ...

   www.aol.com/finance/states-that-tax-retirement...

   The state doesn’t tax Social Security benefits and offers large exclusions on all other retirement income. Starting at ages 62, seniors can exclude $35,000 of their taxable retirement income. At ...

5. I Used to Be Overwhelmed by Retirement Account Options - AOL

   www.aol.com/used-overwhelmed-retirement-account...

   If you are struggling to pay your bills today, then maybe you should rethink a retirement account in the first place, but also, you might benefit from a tax break offered by a traditional 401(k).

6. I'm Going to Start Making Withdrawals From My Retirement ...

   www.aol.com/retirement-account-withdrawals...

   This comes to $17,850 in taxable benefits which, in 2023, would start you off in the 12% tax bracket. ... If you withdraw money from a pre-tax retirement account, such as a 401(k) or an IRA, those ...

7. Saver’s tax credit: A guide to the retirement savings incentive

   www.aol.com/finance/saver-tax-credit-guide...

   In the 2024 tax year (for filing taxes in 2025), the saver’s credit phases out at $76,500 for married couples filing jointly, $57,375 for heads of household and $38,250 for singles and married ...