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

   www.aol.com/retirees-65-older-eligible-extra...

   The standard deduction reduces a taxpayer’s taxable income, ensuring that only households with income above certain thresholds will owe income tax. The standard deduction amounts for 2023 are ...

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

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

   A tax credit, on the other hand, reduces the tax you owe — every $1 of tax credit reduces your tax bill by by $1. If you owe $10,000 in taxes and qualify for a $2,500 tax credit, your tax bill ...

4. State and local tax deduction - Wikipedia

   en.wikipedia.org/wiki/State_and_local_tax_deduction

   The Tax Cuts and Jobs Act of 2017, signed into law by President Donald Trump, capped the total SALT deduction at $10,000 for the tax years 2018 through 2025. [24] The bill also increased the standard deduction, which significantly reduced the number of taxpayers who claim the SALT deduction. [25]

5. This Is the Average Tax Refund by State: How Does Yours ... - AOL

   www.aol.com/lifestyle/average-tax-refund-state...

   Here are the five states with the lowest average tax refunds in 2023: ... Iowa. Average refund: $2,719.95. ... Don't miss out on potential deductions and tax credits you may be eligible for, ...

6. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

7. Taxes 2023: Which Credits and Deductions Apply to You? - AOL

   www.aol.com/finance/taxes-2023-credits...

   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. Iowa’s individual income tax could be eliminated under ...

   www.aol.com/iowa-individual-income-tax-could...

   The plan, Senate Study Bill 3141, would attempt to lower Iowa's individual income tax, with a current top rate of 5.7%, to zero over a gradual period, using a new state trust and investing through ...

9. Where's my tax refund? How to track your Iowa, federal ... - AOL

   www.aol.com/wheres-tax-refund-track-iowa...

   You can also get information on your tax year 2022 or 2021 refunds. You can begin checking: 24 hours after e-filing a tax year 2023 return. Four weeks after mailing a paper return. More: W-2 vs. W ...