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...

   Per the IRS, the standard deduction amount for tax year 2022 (filed in 2023) is $12,950 for single filers, $25,900 for married couples and $19,400 for heads of household. For tax year 2023 (filed ...

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. 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.

5. Seniors and Taxes: Is There an End in Sight? - AOL

   www.aol.com/im-senior-ever-stop-filing-130049547...

   Use your bigger standard deduction: If you’re 65 or older and you don’t itemize deductions, you are entitled to a higher standard deduction. A single filer over 65 gets an extra $1,750 ...

6. Why there's no tax break for Social Security benefits in the ...

   www.aol.com/news/why-theres-no-tax-break...

   That could help lower taxes for the roughly 56 million people in the U.S. who are 65 or older. But the new deduction for seniors is a limited-time break: It would be effective starting in the ...

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

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

   Individuals who are 65 or older and those who are blind can claim an additional $1,750 for tax-year 2022, bringing their total standard deduction to $14,700. The standard deduction also increases ...

8. Major tax changes for 2022 you need to know - AOL

   www.aol.com/finance/major-tax-changes-2022-know...

   The 2022 standard deductions for all filing statuses are as follows:Single: $12,950 (up from $12,550 in 2021)Head of Household: $19,400 (up from $18,800)Married Filing Jointly: $25,900 (up from ...

9. Tax brackets and standard deduction to increase for 2022 tax ...

   www.aol.com/finance/tax-brackets-standard...

   For single taxpayers and married individuals filing separately, the standard deduction will increase to $12,950 — up $400. The deduction for heads of household will rise to $19,400, a $600 increase.