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  2. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

    www.aol.com/finance/10-tax-deductions-know-2023...

    Married couples filing together can deduct $25,900, and heads of household can deduct $19,400. Individuals who are 65 or older and those who are blind can claim an additional $1,750 for tax-year ...

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

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    The amounts of the Child Tax Credit (CTC), Earned Income Tax Credit (EITC), and the Child and Dependent Care Credit return to pre-COVID levels. EITC CTC 2023 Filing Season. The enhanced CTC was ...

  4. 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 ...

  5. 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).

  6. Personal exemption - Wikipedia

    en.wikipedia.org/wiki/Personal_exemption

    t. e. Under United States tax law, a personal exemption is an amount that a resident taxpayer is entitled to claim as a tax deduction against personal income in calculating taxable income and consequently federal income tax. In 2017, the personal exemption amount was $4,050, though the exemption is subject to phase-out limitations.

  7. Got kids? Here's what to know about filing your 2023 taxes - AOL

    www.aol.com/news/got-kids-heres-know-filing...

    “If you take $5,000 in pre-tax dollars and you have two children in child care who qualify for child care deductions, you can only take $1,000 in remaining dependent care expenditures before ...

  8. Driver's Privacy Protection Act - Wikipedia

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  9. 2023-2024 tax brackets and federal income tax rates - AOL

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    November 13, 2023 at 5:43 PM. There are seven tax brackets for most ordinary income for the 2023 tax year: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent ...

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