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2. Mortgage Interest Deduction: Limits and How It Works - AOL

   www.aol.com/finance/mortgage-interest-deduction...

   For tax year 2024, the standard deduction is $14,600 for single filers and married individuals filing separately, $21,900 for heads of household, and $29,200 for married couples filing jointly.

3. The Best Tax Deductions and Tax Breaks for 2024-2025 - AOL

   www.aol.com/most-americans-think-taking-entitled...

   The standard deduction is a dollar-for-dollar reduction of your taxable income. Nearly all taxpayers are entitled to this deduction. The standard deduction amounts for tax year 2024 are as follows ...

4. The mortgage interest deduction could save you ... - AOL

   www.aol.com/finance/mortgage-interest-deduction...

   The standard deduction rises almost every year, and it can vary depending on your tax filing status. ... For tax year 2024—return you will file in 2025—the standard deduction amounts are: Head ...

5. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Standard deduction in 2023 70-year-old single individual $13,850 + $1,850 = $15,700 40-year-old single individual who is blind $13,850 + $1,850 = $15,700 Married couple, ages 78 and 80, one of whom is blind $27,700 + $1,500 + $1,500 + $1,500 = $32,200 Dependent who earns $200 in 2023 $1,250 (minimum standard deduction for dependents)

6. State income tax - Wikipedia

   en.wikipedia.org/wiki/State_income_tax

   Most states allow non-business deductions in a manner similar to federal rules. Few allow a deduction for state income taxes, though some states allow a deduction for local income taxes. Six of the states allow a full or partial deduction for federal income tax. [7] In addition, some states allow cities and/or counties to impose income taxes.

7. IRS announces higher standard deduction, new tax ... - AOL

   www.aol.com/irs-announces-higher-standard...

   The standard deduction climbs to $30,000 — up $800 from 2024 — for married couples filing jointly. For heads of households, the standard deduction will be $22,500 for tax year 2025 — up $600 ...

8. IRS sets higher standard deduction, new tax brackets for 2025

   www.aol.com/irs-sets-higher-standard-deduction...

   The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 − for single taxpayers and married people filing separately.. The standard deduction climbs to $30,000 − ...

9. How Paychecks Would Look in Each State If Trump Dropped ...

   www.aol.com/paychecks-look-state-trump-dropped...

   Total income taxes for single ... Massachusetts. ... household figures and income tax estimates using an in-house calculator for a person a single filer and using the standard deduction (with 2024 ...