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

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   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 ...

3. Retirees 65 and Older Eligible for Extra Standard Deduction ...

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   For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older OR blind are: $1,850 for single or head of household. $1,500 for married taxpayers (per qualifying ...

4. Seniors and Taxes: Is There an End in Sight? - AOL

   www.aol.com/im-senior-ever-stop-filing-130049547...

   People 50 or older can make “catch-up” contributions to their retirement accounts: The 2023 contribution limit for a traditional or Roth IRA is $6,500, up from $6,000 in 2022, but if you’re ...

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. Head of household - Wikipedia

   en.wikipedia.org/wiki/Head_of_Household

   The head of household filing status was created in 1951 to acknowledge the additional financial burdens faced by single people caring for dependents. [ 3 ] [ 1 ] Consequently, it provides single parents and other people caring for qualifying dependents with a larger standard deduction and preferential tax rates compared to single filers ...

7. Tax Filing: Head of Household Versus Single

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   Opting for head of household over single ... (which is up from $44,725 in 2023). The standard deduction also rises from $14,600 for single filers to $21,900 for heads of household (in tax year ...

8. 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.

9. What Is the Standard Deduction Amount for 2022-2023 and When ...

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

   When you file your federal income tax return, you have two choices: take the standard deduction or itemize your deductions. Check Out: 8 IRS Secrets To Know for the 2023 Tax Filing SeasonMore: 3 ...