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2. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

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

   This year, the standard deduction is $12,950 for those filing single or married filing separately. Married couples filing together can deduct $25,900, and heads of household can deduct $19,400.

3. What Are Itemized Deductions and How Do They Work? - AOL

   www.aol.com/itemized-deductions-010031837.html

   Charitable contributions. ... For the 2024 tax year, the standard deduction is: $29,200 – Married Filing Jointly or Qualifying Surviving Spouse (increase of $1,500 from 2023) $21,900 – Head of ...

4. Is private mortgage insurance (PMI) tax-deductible? - AOL

   www.aol.com/finance/private-mortgage-insurance...

   The mortgage insurance (PMI) deduction expired after the 2021 tax year. ... Keep in mind: The deadline to file your 2023 taxes was April 15, 2024. If you requested an extension, you have until Oct ...

5. Not Sure How Much Money You'll Make This Year? Here's ... - AOL

   www.aol.com/finance/ready-retirement-sure-know...

   Let’s say that you decide to open a Roth IRA and make a $6,000 contribution for the 2023 tax year. You make the full contribution in January, only to realize at the end of the year, you’ve ...

6. Traditional IRA - Wikipedia

   en.wikipedia.org/wiki/Traditional_IRA

   Contributions are tax-deductible but with eligibility ... 2019–2021 [5 ] [6] $6,000 $7,000 ... longer allowed to deduct any of that year's contribution. The ...

7. Charitable contribution deductions in the United States

   en.wikipedia.org/wiki/Charitable_contribution...

   If a donor is contributing property that would have yielded a long-term capital gain in a sale, then the deduction for the contribution is limited to 30% of donor's adjusted gross income in the year of donation if the donee is a public charity, and limited to 20% if the donee is a private foundation. Contributions over the respective AGI ...

8. What Is the Standard Deduction Amount for 2022-2023 and ... - AOL

   www.aol.com/difference-between-standard...

   Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. ... An individual who was a nonresident alien or a dual-status alien during the year ...

9. Registered retirement savings plan - Wikipedia

   en.wikipedia.org/wiki/Registered_retirement...

   For example, contributions for the 2023 tax year can be made up until and including February 29, 2024. Unused contributions carry forward until December 31 in the year the annuitant reaches 71 years of age, at which point the unused contributions are cancelled.