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

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

    The IRS considers an individual to be 65 on the day before your 65th birthday. So when claiming your standard deduction for 2023, you can take a higher standard deduction amount if you were born ...

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

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    The IRS considers an individual to be 65 on the day before their 65th birthday. The standard deduction for those over age 65 in 2023 (filing tax year 2022) is $14,700 for singles, $27,300 for ...

  4. When can I file my taxes for 2023? What to know about tax ...

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    The Internal Revenue Service has announced it will begin accepting 2023 tax returns as of Jan. 29. New tax brackets and other credits and deductions have been announced, too.

  5. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    t. e. Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount ...

  6. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    1040. As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

  7. 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 ...

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