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

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   Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. Married, filing jointly: $25,900 for 2022, $27,700 for 2023.

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

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   A tax credit, on the other hand, reduces the tax you owe — every $1 of tax credit reduces your tax bill by by $1. If you owe $10,000 in taxes and qualify for a $2,500 tax credit, your tax bill ...

4. What Is the Standard Deduction for Married Filing Jointly in ...

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   The IRS gives taxpayers two options to lower taxable income: itemize deductions or take the standard deduction. The standard deduction for married taxpayers filing jointly is $25,900, up from $800...

5. Are Medical Expenses Tax Deductible? - AOL

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   There's nothing fun about medical bills or the reason you have them. The debt that often results can create financial strain -- even for people with savings earmarked for extra expenses. Tax relief...

6. Taxes 2023: Which Credits and Deductions Apply to You? - AOL

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   Tax credits and deductions were already confusing many of us before all of this year's substantial changes. Good Question: What Is the Standard Deduction for People Over 65 in 2023? FICO Fix: 3...

7. Trump-Era Tax Cuts Are Expiring: 4 Things To Know About ... - AOL

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   The standard deduction increased to $27,700 for married couples filing jointly, up from $25,900 in 2022. Single filers can claim $13,850, up from $12,950. Form 1099-K Reporting Changes Delayed

8. Are Health Insurance Premiums Tax Deductible? - AOL

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   Your medical premium tax deductions are limited based on your insurance type, too. While you can typically deduct health insurance premiums, other types of related insurance, like disability ...

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

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   The standard deduction amounts for 2023 are $27,700 if you’re married filing jointly (an increase of $1,800 from 2022), $20,800 for heads of households (a $1,400 gain) and $13,850 for single ...