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2. IRS Increases Gift and Estate Tax Exempt Limits - AOL

   www.aol.com/finance/irs-increases-gift-estate...

   Lifetime Gift Tax Exemption. Additionally, the IRS has announced that the lifetime estate and gift tax exemption will increase to $13.61 million in 2024. If a gift exceeds the annual limit ...

3. 2024 gift tax rate: What it is, how it works and who has to ...

   www.aol.com/finance/2024-gift-tax-rate-works...

   Ordinary monetary and property gifts are unlikely to be impacted by this tax, since the yearly limit for 2024 is $18,000 per giver per recipient. ... or $27.22 million for a married couple ...

4. What Are Gift Tax Rates and When Do You Have To Pay? - AOL

   www.aol.com/gift-tax-rates-pay-210701793.html

   If you have transferred money or property to someone and received no payment or compensation in return, this is considered a gift and is taxable if the value of the gift is over the gift tax limit ...

5. Traditional IRA - Wikipedia

   en.wikipedia.org/wiki/Traditional_IRA

   Married filing jointly Married filing jointly (IRA contributor is not covered by a workplace retirement plan but is married to someone who is covered) Single Married filing separately 2007 $83,000–$103,000 $156,000–$166,000 $52,000–$62,000 $0–$10,000 2008 $85,000–$105,000 $159,000–$169,000 $53,000–$63,000 $0–$10,000 2009

6. Individual retirement account - Wikipedia

   en.wikipedia.org/wiki/Individual_retirement_account

   The maximum amount allowed as an IRA contribution was $1,500 from 1975 to 1981, $2,000 from 1982 to 2001, $3,000 from 2002 to 2004, $4,000 from 2005 to 2007, $5,000 from 2008 to 2012, $5,500 from 2013 to 2018, and $6,000 from 2019 to 2022. In tax year 2023, the maximum amount allowed is $6,500. Beginning in tax year 2024, the limit is $7,000. [11]

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

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

   Here are additional 2024 standard deductions for those over 65 showing the IRS’s tax inflation adjustments: Joint filers and surviving spouses can deduct an additional $1,550 per person over 65.

8. New 2024 Tax Brackets May Lead to More Money in Your ... - AOL

   www.aol.com/finance/2024-tax-brackets-may-lead...

   Standard Deductions for 2024 Tax Year. Standard deductions are also increasing, according to the IRS. The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200 ...

9. If You’re Married, Should You File Taxes Jointly or ... - AOL

   www.aol.com/married-file-taxes-jointly...

   With little time left until April 15, the 2024 deadline for filing federal taxes in the U.S., some married couples are grappling with the question: Should we file jointly or separately? Check Out:...