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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 2024 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 $30,500 per year. Eligible accounts include: 401(k)s

3. Are College Tuition and Education Expenses Tax-Deductible?

   www.aol.com/college-tuition-education-expenses...

   Enrolled at least half time for at least a single academic period in the year you claim the credit. Within the first 4 years of college ... those costs don’t qualify for the tax deduction ...

4. Missing These Tax Credits and Deductions Could Cost You ... - AOL

   www.aol.com/finance/31-tax-credits-deductions...

   The standard deduction, home office rules, and health care expenses are just the start of what to know for filing in 2022. Missing These Tax Credits and Deductions Could Cost You Thousands Skip to ...

5. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   By contrast, a person who wins $3,000 in various gambling activities during the year and loses $3,500 in other gambling activities in that year can deduct only $3,000 of the losses against the $3,000 in income, resulting in a break-even gambling activity for tax purposes for that year—with no deduction for the remaining $500 excess loss.)

6. Taxes 2022: Tax breaks for filers over 50 - AOL

   www.aol.com/finance/taxes-2022-tax-breaks-filers...

   Bigger standard deduction at age 65: Taxpayers get a standard deduction that reduces their taxable income and lowers their tax bill. For 2022, most married couples will get a standard deduction of ...

7. AARP Member Benefits FAQs - AOL Help

   help.aol.com/articles/aarp-member-benefits-faqs

   To cancel any of your complimentary AARP services: emails, AARP Magazine, or your membership, please call AARP at: 888-687-2277. Canceling your account through AARP will not automatically cancel your account with MyBenefits and your benefit cannot be re-used for yourself or someone else.

8. Caring for a Senior? Here's How to Get the Highest Memory ...

   www.aol.com/caring-senior-heres-highest-memory...

   To calculate your total medical expense tax deduction, follow these steps: Add up all qualifying medical expenses (including memory care) paid for the tax year. Subtract 7.5% of your AGI from your ...

9. Some might see a bigger 2024 tax refund after inflation ...

   www.aol.com/finance/might-see-bigger-2024-tax...

   For the 2023 tax year, the Earned Income Tax Credit (EITC) will increase to $7,430 for qualifying taxpayers who have three or more qualifying children, a $495 gain from $6,935 for the 2022 tax year.