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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 ... Taxpayers over 55 were once allowed a one-time $125,000 in capital gains exemption for ...

3. 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 ...

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

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   Your deduction for charitable contributions generally can’t be more than 60% of your adjusted gross income, but in some cases, 20%, 30%, or 50% limits may apply.

7. 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...

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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   Single: $12,950 for 2022, $13,850 for 2023. Married, filing jointly: $25,900 for 2022, $27,700 for 2023. ... Most filers can find the standard deduction on the first page of Form 1040. For filers ...