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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...

    Married couples filing together can deduct $25,900, and heads of household can deduct $19,400. Individuals who are 65 or older and those who are blind can claim an additional $1,750 for tax-year ...

  3. Taxes 2023: What's the standard deduction for people over 65?

    www.aol.com/finance/standard-deduction-people...

    The standard deduction for those over age 65 in 2023 (filing tax year 2022) is $14,700 for singles, $27,300 for married filing jointly if only one partner is over 65 (or $28,700 if both are), and ...

  4. 2023-2024 tax brackets and federal income tax rates - AOL

    www.aol.com/finance/2023-2024-tax-brackets...

    November 13, 2023 at 5:43 PM. There are seven tax brackets for most ordinary income for the 2023 tax year: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent ...

  5. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    v. t. e. 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 ...

  6. Inflation Tax Adjustments For 2023: What You Need to Know - AOL

    www.aol.com/inflation-tax-adjustments-2023-know...

    The high inflation of 2022 caused outsized results in this otherwise routine practice, with most adjustments between 6.5% and 8%. For example, between 2021 and 2022 the IRS adjusted the 12% ...

  7. 2023 Tax Brackets Are Here: Here’s What You’ll Owe Next Year

    www.aol.com/2021-tax-brackets-ll-owe-200004557.html

    For the 2023 tax year, the standard deduction is: $13,850 for single taxpayers and married individuals filing separately, up $900. $27,700 for married couples filing jointly and surviving spouses ...

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