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2. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).

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

   www.aol.com/finance/standard-deduction-people...

   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 ...

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

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

   The standard deduction reduces a taxpayer’s taxable income, ensuring that only households with income above certain thresholds will owe income tax. The standard deduction amounts for 2023 are ...

5. What Is the Standard Deduction Amount for 2022-2023 and When ...

   www.aol.com/finance/difference-between-standard...

   Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. Married, filing jointly: $25,900 for 2022, $27,700 for 2023.

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

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   According to a new GOBankingRates survey of more than 1,000 adults, nearly 22% plan to take the standard deduction when they do their taxes this year. In last year’s survey, 17% planned to take ...

7. 2023 Tax Updates: What Changes Can You Expect in the ... - AOL

   www.aol.com/finance/2023-tax-updates-changes...

   The additional standard deduction for blind people and senior citizens will be $1,500 for married taxpayers and $1,850 for singles and heads of household in 2023.

8. 8 IRS Secrets To Know for the 2023 Tax Filing Season - AOL

   www.aol.com/8-irs-secrets-know-2023-110119874.html

   For tax year 2023, this means that the standard deduction for singles is $13,850, up from $12,950, while joint filers will enjoy a bump of $1,800 in their standard deduction, to $27,700.

9. Here’s how much increases to the standard deduction could ...

   www.aol.com/news/much-increases-standard...

   The IRS increased the standard deduction for this year at the end of 2021. Last month the agency announced another big jump for the deduction in 2023 . And don’t get confused: You’ll file 2022 ...