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2. Are Property Taxes Deductible? - AOL

   www.aol.com/property-taxes-deductible-224345757.html

   If you owe $8,000 in state taxes and you have property taxes of $6,000, then the SALT cap will limit your deduction to $10,000 not $14,000. Property tax deductions on rental properties do not fall ...

3. What are property taxes, and how are they calculated? - AOL

   www.aol.com/finance/property-taxes-calculated...

   The IRS’s state and local tax (SALT) deduction allows taxpayers to deduct their property taxes on their federal tax returns, as well as their state income taxes or their sales taxes (but not ...

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

   www.aol.com/finance/10-tax-deductions-know-2023...

   If you pay state and local income taxes or state and local sales taxes — including real estate and property taxes — you may be able to deduct up to a combined total of $10,000, or $5,000 if ...

5. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   Under United States tax law, itemized deductions are eligible expenses that individual taxpayers can claim on federal income tax returns and which decrease their taxable income, and are claimable in place of a standard deduction, if available. Most taxpayers are allowed a choice between itemized deductions and the standard deduction.

6. Should you itemize or take a standard deduction on your tax ...

   www.aol.com/news/itemize-standard-deduction-tax...

   When tackling your taxes, it can sometimes be hard to figure out whether to opt for a standard deduction or itemize. According to tax pros, itemizing generally only makes sense if your itemized ...

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

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

   Once you or your spouse turn 65, you can qualify for an additional standard deduction on top of the basic standard deduction you’d normally receive — or $14,600 for individuals and $29,200 for ...

8. Standard Deduction vs. Itemized Deductions: Which Is Better?

   www.aol.com/standard-deduction-vs-itemized...

   The federal tax filing deadline for individuals has been extended to May 17, 2021. Quarterly estimated tax payments are still due on April 15, 2021. For additional questions and the latest ...

9. How To Avoid Paying Taxes Legally — and the 11 ... - AOL

   www.aol.com/avoid-paying-taxes-legally-11...

   Tax deductions reduce the amount of taxable income you can claim, and tax credits reduce the tax you owe and, in many cases, result in a nice refund. ... a standard tax deduction of $24,800 if you ...