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

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    8. Mortgage Interest Deductions. You can typically deduct the entire amount of your mortgage interest or on the first $750,000, or $375,000 of indebtedness if married filing separately. If your ...

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

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    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...

  5. Taxes 2023: Here are the biggest tax changes this year - AOL

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    EITC CTC 2023 Filing Season. The enhanced CTC was not extended and returns to $2,000 per child dependent for the 2022 tax year, down from $3,600 last year. The other big change to the CTC is that ...

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

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    The standard deduction for married couples filing jointly for tax year 2023 rises to $27,700, up $1,800 from 2022. For single taxpayers and married individuals filing separately, the standard ...

  7. Taxes 2023: Credits, deductions and tax breaks for student ...

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    For 2022 taxes, the full deduction is available to a single or head-of-household filer with a MAGI less than $70,000 or less than $145,000 for a joint filer. The deduction is reduced for single or ...

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