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

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

   Additional standard deductions. Once you or your spouse turn 65, you can qualify for an additional standard deduction on top of the basic standard deduction you’d normally receive — or $14,600 ...

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

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   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 − ...

4. Taxes 2024: IRS Increases Mileage Standard Deduction ... - AOL

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   The Internal Revenue Service announced an increase in the standard mileage rates when people use their vehicles for business use. The standard mileage deduction rose to 67 cents per mile, up 1.5 ...

5. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...

6. What are standard and itemized tax deductions? - AOL

   www.aol.com/finance/standard-itemized-tax...

   You can choose which to take when you're filing your return. Because of itemized deduction caps and the standard deduction increase, the standard deduction gives almost 90% of tax filers the ...

7. 13 Tax Deductions You Can Take Without Itemizing - AOL

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   When you file your taxes, you can claim the standard deduction or choose to itemize. However, recent changes in tax law have dramatically reduced the percentage of Americans who itemize. For You:...

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

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

   Standard Deduction. ... If you itemize deductions, you can subtract cash and noncash contributions to 503(c)(3) organizations. ... You can receive a tax credit of up to $2,000 if you are eligible.

9. Should you itemize or take a standard deduction on your tax ...

   www.aol.com/news/itemize-standard-deduction-tax...

   According to tax pros, itemizing generally only makes sense if your itemized deductions, taken together, add up to more than the current standard deduction of $13,850 for a single filer and ...