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2. What Is the Tax Cuts and Jobs Act (TCJA)? - AOL

   www.aol.com/finance/tax-cuts-jobs-act-tcja...

   In 2024, the standard deduction for single filers is $14,600, but will increase to $15,000 next year. For married couples filing jointly, the deduction is $29,200 in 2024. ... Deduction limits on ...

3. Tax season 2025: Everything to know before you file, and how ...

   www.aol.com/finance/tax-season-2025-everything...

   Here are the current standard deduction amounts for 2024, for returns filed in 2025: Filing status. 2024 standard deduction amount. Single. $14,600 (up $750 from 2023) ... IRA contribution limits.

4. Forgot to Make a 2024 IRA Contribution? You Still Have Time.

   www.aol.com/forgot-2024-ira-contribution-still...

   In the latter case, IRAs can be a bit restrictive, with yearly contribution limits of just $7,000 for adults under 50 and $8,000 for adults 50 and older in both 2024 and 2025.

5. The Best Tax Deductions and Tax Breaks for 2024-2025 - AOL

   www.aol.com/most-americans-think-taking-entitled...

   Contributions limits for IRAs increased slightly in 2024, up to $7,000, while 401(k) limits jumped to $23,000. ... The standard deduction amounts for tax year 2024 are as follows: Single filers ...

6. 8 Tax Breaks Retirees Can Prepare to Use for 2024 - AOL

   www.aol.com/finance/8-tax-breaks-retirees-2024...

   For instance, for the 2024 tax year, the standard deduction for a single taxpayer stands at $14,600 and $29,200 for joint filers. Once you turn 65, your standard deduction increases by $1,950 for ...

7. 4 Ways To Find Tax Deductions That Work for You in 2025 - AOL

   www.aol.com/finance/4-ways-tax-deductions-2024...

   Most people take the standard deduction — for 2024 that will be $14,600 for single individuals or $29,200 for married couples filing jointly. The amount of the standard deduction changes to ...

8. 2 Important IRA Changes Coming in 2025 That Investors Must Know

   www.aol.com/2-important-ira-changes-coming...

   Tax Filing Status. 2024 MAGI. 2025 MAGI. Traditional IRA Deduction. Single individuals covered by a workplace retirement plan. $77,000 or less. $79,000 or less

9. Roth IRA vs. traditional IRA: Which is better for you? - AOL

   www.aol.com/finance/roth-ira-vs-traditional-ira...

   The annual contribution limits are the same as a traditional IRA: $7,000 for those under 50 and $8,000 for those over 50 in 2024. However, there is no timestamp for when you must make those ...