WOW.com Web Search

Search results

1. Results from the WOW.Com Content Network

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

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

   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. 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).

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

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

   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 ...

5. Inflation Tax Adjustments For 2023: What You Need to Know - AOL

   www.aol.com/inflation-tax-adjustments-2023-know...

   The new standard deductions for personal income taxes apply as follows: Individuals: $13,850 in 2023, a $900 increase Head of Household: $20,800, a $1,400 increase

6. 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.

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

   www.aol.com/more-people-taking-standard...

   The number of filers who itemized dropped from 46.5 million in 2017 to 18 million in 2018 as 90% of taxpayers opted for the newer, bigger, better standard deduction. The Standard Deduction Doesn ...