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

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   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 ...

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

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   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 ...

4. Retirees Often Overlook These 11 Tax Deductions - AOL

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   For tax year 2023, the addition to the standard deduction for individuals 65 and older is $1,850 for single filers and $1,500 each for married taxpayers. ... Senior citizens age 70.5 and over who ...

5. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...

6. 2023 Tax Updates: What Changes Can You Expect in the ... - AOL

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   Heads of households will see the standard deduction rise to $20,800 in 2023 from $19,400 in 2022. The additional standard deduction for blind people and senior citizens will be $1,500 for married ...

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

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   Good Question: What Is the Standard Deduction for People Over 65 in 2023? FICO Fix: 3... Skip to main content. Finance. 24/7 help. For premium support please call: 800-290-4726 more ...

8. A Guide to Tax Breaks for Medical Expenses for Seniors - AOL

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   In 2020, the standard deduction is $12,400 for single taxpayers and $24,800 for married filing jointly. Married taxpayers who are 65 and older can each claim an extra $1,300 standard deduction (or ...

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

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

   March 22, 2023 at 11:17 AM. ... Standard Deduction. ... Individuals who are 65 or older and those who are blind can claim an additional $1,750 for tax-year 2022, bringing their total standard ...