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  2. What Is the Standard Deduction Amount for 2022-2023 and ... - AOL

    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. ... U.S. Tax Return for Seniors, the standard deduction is on page 4.

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

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    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 ...

  5. Tax breaks after 50 you might not know about - AOL

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    The standard deduction for 2025 has increased from $14,600 for individuals and $29,200 for joint filers in 2024. ... Are seniors exempt from capital gains tax? ... As of 2022, retirees ages 65 and ...

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

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    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 ...

  7. 6 Tax Deductions Seniors Might Not Know About - AOL

    www.aol.com/finance/6-tax-deductions-seniors...

    The official tax filing day in the U.S. is Tuesday, April 18 this year. And if you're trying to qualify for every deduction you can, you need to know what's available to you before you drop your ...

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

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    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.

  9. 2022 Tax Deductions for Traditional, Roth IRAs - AOL

    www.aol.com/finance/2022-tax-deductions...

    Continue reading → The post 2022 Tax Deductions for Traditional, Roth IRAs appeared first on SmartAsset Blog. However, depending on your income, work situation and the type of IRA chosen, your ...

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