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

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   January 5, 2024 at 1:08 PM. ... (standard deduction) plus $1,500 for one 65+ adult plus $1,500 for second 65+ adult — a total of $30,700. If you are 65 or older AND blind, the extra standard ...

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

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   Here are additional 2024 standard deductions for those over 65 showing the IRS’s tax inflation adjustments: Joint filers and surviving spouses can deduct an additional $1,550 per person over 65.

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

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   As of 2024, you can contribute up to $4,150 per year if you have self-only coverage and $8,300 if you have family coverage and deduct the amount you or someone other than your employer made to ...

5. When is Tax Day 2025? All about deductions, income ... - AOL

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   People over 65 qualify for an additional standard deduction. For 2024, it’s $1,950 if you are single or filing as a head of household, and $1,550 for married taxpayers.

6. Some might see a bigger 2024 tax refund after inflation ...

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   The standard deduction is rising 6.9% or 7.2%, depending on filing status, while the Earned Income Tax Credit amount will increase by 7.1%, the Internal Revenue Service announced this week.

7. Alternative minimum tax - Wikipedia

   en.wikipedia.org/wiki/Alternative_minimum_tax

   Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...