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

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

   January 14, 2024 at 8:24 AM. 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 ...

3. FICA Tax Rate for 2023-2024: Everything You Need To Know - AOL

   www.aol.com/fica-tax-rate-2023-2024-200955986.html

   Overall, the FICA tax rate is 7.65%: 6.2% goes toward Social Security tax and 1.45% goes toward Medicare tax, which helps fund benefits for children, retirees and the disabled. The acronym FICA ...

4. 3 last-minute tax moves for retirement savers [Video] - AOL

   www.aol.com/finance/3-last-minute-tax-moves...

   For tax year 2023, the limits are between $138,000 and $153,000 for single filers and between $218,000 and $228,000 for joint filers. Many taxpayers leave money on the table. In 2022, 85% of all ...

5. Here are the biggest retirement changes coming in 2023 - AOL

   www.aol.com/finance/biggest-retirement-changes...

   In total, workers who are 50 and older can contribute up to $30,000 starting in 2023. The annual contribution limit for IRAs next year also increased to $6,500 from $6,000 — an increase of 8.3% ...

6. 2023 Tax Changes You Need to Know About Now - AOL

   www.aol.com/keep-tax-changes-mind-2023-164601836...

   The standard deduction for single filers, as well as those married filing separately in the 2023 tax year, is $13,850 (up from $12,950 in 2022). For married couples filing jointly, the standard ...

7. 2023 SEP IRA contribution and income limits: What retirement ...

   www.aol.com/finance/2023-sep-ira-contribution...

   The SEP IRA has a limit on the annual compensation that is used for figuring retirement plan contributions. For 2023, that limit is $330,000, an increase from $305,000 in 2022. That limit jumps to ...