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2. What retirees can do right now to reduce next year's taxes - AOL

   www.aol.com/finance/retirees-heres-now-reduce...

   The marginal tax rate in 2024, for example, is 24% for incomes over $100,525 ($201,050 for married couples filing jointly). A decade ago, it was around 28%. “People who don’t really need the ...

3. Retirees Often Overlook These 11 Tax Deductions - AOL

   www.aol.com/retirees-often-overlook-11-tax...

   Between $25,000 and $34,000, there are also significant reductions in federal income tax. 10. Credit for the Elderly or the Disabled. The Credit for the Elderly or the Disabled provides a tax ...

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

   www.aol.com/standard-deduction-people-over-65...

   The IRS considers an individual to be 65 on the day before their 65th birthday. The standard deduction for those over age 65 in 2023 (filing tax year 2022) is $14,700 for singles, $27,300 for ...

5. Tax bill on 2023 Social Security benefits could catch ... - AOL

   www.aol.com/finance/tax-bill-2023-social...

   Many retirees’ budgets may take a hit for the first time this tax season — a federal income tax bill on a portion of their Social Security benefits. Social Security recipients received a high ...

6. I'm Retired. Can I Ever Stop Filing Taxes? - AOL

   www.aol.com/im-senior-ever-stop-filing-130049547...

   Taxes aren’t determined by age, so you will never age out of paying taxes. Basically, if you’re 65 or older, you have to file a tax return in 2022 if your gross income is $14,700 or higher. If ...

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

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

   For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older OR blind are: $1,850 for single or head of household. $1,500 for married taxpayers (per qualifying ...