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

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   Colorado generally taxes Social Security benefits over $20,000 for residents ages 55 to 64 and $24,000 for residents over 65. Connecticut taxes 50% of the Social Security benefits you receive ...

3. How all 50 states tax retirement income: A comprehensive list ...

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   But if you turn 55 at any time during the tax year, you can subtract up to $20,000 from your total taxable retirement income. ... 1962 (age 62) can claim 50% of the deduction. In 2025, seniors ...

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

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   The standard deduction is a fixed deduction that varies depending on your filing status, age and dependent status. This year, the standard deduction is $12,950 for those filing single or married ...

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

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   A married couple of two 65+ adults would take a total deduction of $27,700 (standard deduction) plus $1,500 for one 65+ adult plus $1,500 for second 65+ adult — a total of $30,700.

6. Tax Credits or Tax Deductions: Which Will Save You More? - AOL

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   Tax deductions are write-offs that you use to reduce your taxable income before you calculate how much tax you owe. For example, if you make $55,000, but you qualify for a $1,000 tax deduction ...

7. 15 Self-Employment Tax Deductions You Should Know - AOL

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   Here’s the top 15 self-employment tax deductions that you might qualify for: Common Tax Deductions. Here are a few of the most common self-employment tax deductions: 1. Self-Employment Tax Deduction