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2. IRS Tax Brackets: Here’s How Much You’ll Pay in ... - AOL

   www.aol.com/irs-tax-brackets-much-ll-163733449.html

   For tax year 2020, the standard deduction rises from 2019 levels to $12,400 for single filers, $24,800 for married filing jointly, $12,400 for married filing separately and $18,650 for heads of ...

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

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

   For tax year 2023 (filed in 2024), standard deductions have been increased to $13,850, $27,700 and $20,800 for singles or married but filing separately, married couples filing jointly (and ...

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

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

   January 14, 2024 at 5:24 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 ...

5. Rights and responsibilities of marriages in the United States

   en.wikipedia.org/wiki/Rights_and...

   Under the 1996 Defense of Marriage Act (DOMA), the federal government was prohibited from recognizing same-sex couples who were lawfully married under the laws of their state. The conflict between this definition and the Due Process Clause of the Fifth Amendment to the Constitution led the U.S. Supreme Court to rule DOMA unconstitutional on ...

6. Marital deduction - Wikipedia

   en.wikipedia.org/wiki/Marital_deduction

   Marital deduction, often referred to as gift to spouse, is a type of deduction that allows a person to give his or her spouse a gift with reduced or no tax imposed upon the transfer, for transfers given in a calendar year. [18] Some marital deduction laws even apply to transfers made postmortem. The right to receive property conveys ownership ...

7. Taxpayer Relief Act of 1997 - Wikipedia

   en.wikipedia.org/wiki/Taxpayer_Relief_Act_of_1997

   The act permanently exempted from taxation the capital gains on the sale of a personal residence of up to $500,000 for married couples filing jointly and $250,000 for singles. This exemption applies to residences the taxpayer(s) lived in for at least two years over the last five. Taxpayers can only claim the exemption once every two years.

8. What Are the Tax Benefits of Marriage? - AOL

   www.aol.com/tax-benefits-marriage-140044708.html

   The tax benefits of marriage are generally more favorable for those married filing jointly. For instance, you can lower your tax liability and claim more tax credits.However, filing separately ...

9. How the Tax Filing Process Changes From Single to Married - AOL

   www.aol.com/tax-filing-process-changes-single...

   The clearest example of how your taxes will change after marriage is in the income tax brackets. The tables below show the tax brackets for the 2022 tax year (what you file in 2023) and the 2023 ...