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2. Retirees Often Overlook These 11 Tax Deductions - AOL

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   Here are 11 tax deductions senior citizens should know about. ... $80,000 for single filers and $160,000 for ... Senior citizens age 70.5 and over who own an IRA can take advantage of tax-free ...

3. 16 Tax Tips for Single-Income Families - AOL

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   If you are filing as single or head of household, however, the deduction starts to phase out at $70,000 to $85,000. 16. Are We Eligible For a Healthcare Subsidy?

4. 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 ...

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

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   Say, for example, you earned $100,000 last year and plan to take the standard deduction as a single filer. This lowers your taxable income to $87,050. Instead of paying tax on $100,000 in income ...

6. 8 Best Tax Tips for Single Parents - AOL

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   Here’s what you need to know about some of the most common child tax topics for single and divorced parents, plus tax tips for single moms and dads and answers to the biggest tax questions for ...

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

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   A tax deduction is an expense that you can subtract from your income for tax purposes. Tax deductions lower your total amount of taxable income and therefore the total amount of tax you have to pay.

8. What Is the Standard Deduction for People Over 65 in 2023? - AOL

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   When former President Donald Trump overhauled the U.S. tax code in Dec. 2017, new income brackets and standard deduction amounts came into effect that changed how much Americans pay in taxes -- and...

9. 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:...