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

    www.aol.com/standard-deduction-people-over-65...

    The standard deduction for those over age 65 in 2023 (filing tax year 2022) is $14,700 for singles, $27,300 for married filing jointly if only one partner is over 65 (or $28,700 if both are), and ...

  3. What Is the Standard Deduction for Married Filing Jointly in ...

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    The standard deduction for married taxpayers filing jointly is $25,900, up from $800 from the previous year. For those 65 or older or blind, the additional standard deduction for married taxpayers ...

  4. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    Filing status Year Single Married filing separately Married filing jointly ... a taxpayer adds $1,500 to his/her standard deductions (for 2023). However, the ...

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

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    The standard deduction amounts for 2023 are $27,700 if you’re married filing jointly (an increase of $1,800 from 2022), $20,800 for heads of households (a $1,400 gain) and $13,850 for single ...

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

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

    According to both Bloomberg Tax and Thomson Reuters, the standard deduction for married taxpayers filing jointly in 2023 is projected to be $27,700, up from $25,900 in 2022.

  7. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    Standard deduction: Individuals get a deduction from taxable income for certain personal expenses. An individual may claim a standard deduction . For 2021, the basic standard deduction was $12,550 for single individuals or married persons filing separately, $25,100 for a joint return or surviving spouse, and $18,800 for a head of household.

  8. What Is the Standard Deduction Amount for 2022-2023 and ... - AOL

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

    Head of household: $19,400 for 2022, $20,800 for 2023. Not everyone can take the standard deduction. Excluded taxpayers include: A married individual filing as married filing separately whose ...

  9. Tax bracket - Wikipedia

    en.wikipedia.org/wiki/Tax_bracket

    Standard deduction is a sort of minimum itemized deduction. If you add up all your itemized deductions and it is less than the standard deduction you take the standard deduction. In 2007 this was $5,350 for those filing individually and $10,700 for married filing jointly.

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