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

    www.aol.com/finance/standard-deduction-people...

    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 ...

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

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    So when claiming your standard deduction for 2023, you can take a higher standard deduction amount if you were born before Jan. 2, 1959. ... (standard deduction) plus $1,500 for one 65+ adult plus ...

  4. Retirees Often Overlook These 11 Tax Deductions - AOL

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    For tax year 2023, the addition to the standard deduction for individuals 65 and older is $1,850 for single filers and $1,500 each for married taxpayers. ... Senior citizens age 70.5 and over who ...

  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

    www.aol.com/finance/10-tax-deductions-know-2023...

    March 22, 2023 at 2:17 PM. ... Standard Deduction. ... Individuals who are 65 or older and those who are blind can claim an additional $1,750 for tax-year 2022, bringing their total standard ...

  7. 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 Is the Standard Deduction for Married Filing Jointly in ...

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

    For those 65 or older or blind, the additional standard deduction for married taxpayers or qualified widows(ers) is $1,400, an increase of $50. This applies to tax returns filed in 2023 .

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

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

    Here are additional 2025 standard deductions for those over 65 ... 2023. It taxes Social Security the way the federal government does currently — with a $5,500 deduction for taxpayers over 65.

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