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2. A Guide to Tax Breaks for Medical Expenses for Seniors - AOL

   www.aol.com/guide-tax-breaks-medical-expenses...

   In 2020, the standard deduction is $12,400 for single taxpayers and $24,800 for married filing jointly. Married taxpayers who are 65 and older can each claim an extra $1,300 standard deduction (or ...

3. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their ... 2020 [10] $12,400 $24,800 $18,650 2019 [11] $12,200:

4. Retirees Often Overlook These 11 Tax Deductions - AOL

   www.aol.com/retirees-often-overlook-11-tax...

   Before 2020, individuals who were 70.5 years of age or older were not eligible to make regular contributions to traditional IRAs. ... Extra Standard Deduction. ... State Tax Exemptions for Seniors.

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

   www.aol.com/finance/tax-breaks-after-50-you...

   Call 800-829-1040 for live assistance with the TCE and 888-227-7669 for more information about Tax-Aide. 5. Additional standard deductions. ... for seniors. Taxpayers over 55 were once allowed a ...

6. Seniors and Taxes: Is There an End in Sight? - AOL

   www.aol.com/im-senior-ever-stop-filing-130049547...

   Use your bigger standard deduction: If you’re 65 or older and you don’t itemize deductions, you are entitled to a higher standard deduction. A single filer over 65 gets an extra $1,750 ...

7. IRS Tax Brackets: Here’s How Much You’ll Pay in ... - AOL

   www.aol.com/irs-tax-brackets-much-ll-163733449.html

   For tax year 2020, the standard deduction rises from 2019 levels to $12,400 for single filers, $24,800 for married filing jointly, $12,400 for married filing separately and $18,650 for heads of ...

8. 4 Tax Changes Retirees Need To Know - AOL

   www.aol.com/4-tax-changes-retirees-know...

   Tax law is constantly changing, and even retirees are not immune from annual updates. In fact, seniors in particular have their own set of laws and rules to follow that may not even apply to ...

9. What Are the 2020-2021 Federal Tax Brackets and Tax Rates? - AOL

   www.aol.com/finance/2020-2021-federal-tax...

   The following is a breakdown of the IRS’ 2020 and 2021 tax brackets and rates, as well as a glance at some other important changes. ... The standard deduction for joint filers increases by $300 ...