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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. Buying your first home is daunting. Here are some resources ...

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   More:Biden proposes new $5,000 tax credit for first-time homebuyers Other forms of assistance for first-time homebuyers: Cash grants Drone aerial view of housing in Beacon, near the Hudson River ...

4. Avoid These Home Tax Deduction and Credit Mistakes - AOL

   www.aol.com/2013/01/31/avoid-these-home-tax...

   By G. M. Filisko As you calculate your tax returns, consider each home tax deduction and credit you are - and are not - entitled to. Running afoul of any of these 9 home-related tax mistakes ...

5. Rate schedule (federal income tax) - Wikipedia

   en.wikipedia.org/wiki/Rate_schedule_(federal...

   The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").

6. How Tax Filing Status Relates to Deductions in 2021 and 2022

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   Standard deduction: Married taxpayers filing jointly are eligible for a $25,100 deduction for the 2021 tax year and a $25,900 deduction for the 2022 tax year. Married Filing Separately. Married ...

7. Marriage penalty - Wikipedia

   en.wikipedia.org/wiki/Marriage_penalty

   An unmarried individual filing a tax return under single or head of household status can choose the deduction method that is most beneficial, but a married couple will be required to use the same deduction method in most cases (Title 26 U.S. Code §63(c)(6)(A)).

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

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

   Missouri taxes private retirement income at rates between 2% and 4.7%, but allows for deductions of $32,000 for married joint filers, $25,000 for single filers and $16,000 for filers who are ...

9. Home mortgage interest deduction - Wikipedia

   en.wikipedia.org/wiki/Home_mortgage_interest...

   First, the taxpayer must elect to itemize deductions, and the total itemized deductions must exceed the standard deduction (otherwise, itemization would not reduce tax). Second, the deduction is limited to interest on debts secured by a principal residence or a second home. Third, interest is deductible on only the first $1 million of debt used ...