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2. Taxes 2023: What's the standard deduction for people over 65?

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   Per the IRS, the standard deduction amount for tax year 2022 (filed in 2023) is $12,950 for single filers, $25,900 for married couples and $19,400 for heads of household. For tax year 2023 (filed ...

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

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   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 ...

4. Retirees Often Overlook These 11 Tax Deductions - AOL

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   Here are 11 tax deductions senior citizens should know about. Find Out: 3 Ways To Recession-Proof Your Retirement. 1. Traditional IRA Contributions at Any Age. ... Extra Standard Deduction.

5. 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).

6. What Is the Standard Deduction Amount for 2022-2023 and When ...

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   Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. ... U.S. Tax Return for Seniors, the standard deduction is on page 4.

7. 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.

8. Taxpayers will get higher standard deductions in 2025, IRS ...

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   For couples who file jointly, that standard deduction will be $30,000 for 2025, an $800 jump from the year prior. And heads of households will get a $22,500 standard deduction, up $600 from 2024.

9. 6 Tax Deductions Seniors Might Not Know About - AOL

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   The official tax filing day in the U.S. is Tuesday, April 18 this year. And if you're trying to qualify for every deduction you can, you need to know what's available to you before you drop your ...