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

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

   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 ...

3. 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...

4. The Best Tax Deductions and Tax Breaks for 2023-2024 - AOL

   www.aol.com/finance/most-americans-think-taking...

   Some deductions remain every year, but others change or disappear, and new ones crop up. Learn the most common tax deductions available. The Best Tax Deductions and Tax Breaks for 2023-2024

5. Internal Revenue Code section 183 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Section 183(b)(2) provides that a taxpayer may deduct an amount "equal to the amount of the deductions which would be allowable [ . . . ] only if such activity were engaged in for profit, but only to the extent that the gross income derived from such activity for the taxable year exceeds the deductions allowable [ . . .

6. Why More People Are Opting for the Standard Deduction in 2023

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   When the TCJA opened the standard deduction to millions of new taxpayers, the time it took to complete the average return dropped by up 7% — but simplicity isn’t the only reason the standard ...

7. The IRS Is Letting You Keep More Money in 2023, Increasing ...

   www.aol.com/finance/irs-letting-keep-more-money...

   The IRS has some good news for Americans struggling with rampant inflation: You may get to keep more of your money in 2023. Explore: GOBankingRates' Best Credit Cards for 2023Related: 3 Ways Smart...

8. Tax Relief for American Families and Workers Act - Wikipedia

   en.wikipedia.org/wiki/Tax_Relief_for_American...

   It would also increase the $2,000-per-child maximum credit to keep up with inflation and would let families choose when calculating the size of the credit between their current year's income or the previous year's. This provision also would increase the maximum refundable credit from: [4] [5] $1,600 per child to $1,800 per child in tax year 2023,

9. 8 Things You Can Do Now to Reduce Your Tax Bill - AOL

   www.aol.com/8-proven-strategies-reduce-tax...

   There's a capital loss deduction limit of $3,000 per year, but you can carry over any additional loss to future tax years for more deductions. Tax-loss harvesting only applies to taxable ...