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

   www.aol.com/finance/tax-breaks-after-50-you...

   This is nothing new, but the Secure Act 2.0 of 2022 has shifted how catch-up contributions will work for the next few years. For the 2024 tax year, if you’re 50 or older, you can contribute an ...

3. 8 Tax Breaks Retirees Can Use in 2024 - AOL

   www.aol.com/finance/8-tax-breaks-retirees-2024...

   Certain taxpayers aged 65 or older are eligible for the elderly credit, which is a tax break that could mitigate the amount of tax owed up to $7,500. To qualify for this credit include Individuals ...

4. 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 ...

5. 6 Hidden Tax Breaks for Retirees - AOL

   www.aol.com/finance/6-hidden-tax-breaks-retirees...

   When you hit age 72, or age 70 1/2 if you are 70 1/2 before January 1, 2020, the IRS requires that you start taking required minimum distributions from your retirement savings in qualified plans ...

6. Low-Income Housing Tax Credit - Wikipedia

   en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

   Living spaces. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use ...

7. Economic Recovery Tax Act of 1981 - Wikipedia

   en.wikipedia.org/wiki/Economic_Recovery_Tax_Act...

   The Economic Recovery Tax Act of 1981 ( ERTA ), or Kemp–Roth Tax Cut, was an Act that introduced a major tax cut, which was designed to encourage economic growth. The Act was enacted by the 97th US Congress and signed into law by US President Ronald Reagan. The Accelerated Cost Recovery System (ACRS) [1] was a major component of the Act and ...