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2. Tax breaks after 50 you might not know about - AOL

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   Joint filers and surviving spouses can deduct an additional $1,550 per person over 65. Single filers and ... 2023 tax year maximums: Single filers over 65 must ... over 55 were once allowed a one ...

3. Retirees Often Overlook These 11 Tax Deductions - AOL

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   Senior citizens age 70.5 and over who own an IRA can take advantage of tax-free qualified charitable distributions. They can transfer up to $100,000 per year, counting toward the required minimum ...

4. 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 ...

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

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   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.

6. 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)

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

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   Some deductions remain every year, but others change or disappear, and new ones crop up. Learn the most common tax deductions available. The Best Tax Deductions and Tax Breaks for 2024-2025

8. How all 50 states tax retirement income: A comprehensive list ...

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   But if you turn 55 at any time during the tax year, you can subtract up to $20,000 from your total taxable retirement income. ... Hawaii’s standard deduction doubles to $4,400 for single filers ...

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

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   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 ...