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  2. I'm Retired. When Can I Stop Filing Taxes? - AOL

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

    Basically, if you’re 65 or older, you have to file a tax return in 2022 if your gross income is $14,700 or higher. If you’re married filing jointly and both 65 or older, that amount is $28,700 ...

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

    www.aol.com/standard-deduction-people-over-65...

    For tax year 2023 (filed in 2024), standard deductions have been increased to $13,850, $27,700 and $20,800 for singles or married but filing separately, married couples filing jointly (and ...

  4. Retirees Often Overlook These 11 Tax Deductions - AOL

    www.aol.com/retirees-often-overlook-11-tax...

    There may be no federal income tax payable for senior citizens with total earnings less than $25,000 per year. Between $25,000 and $34,000, there are also significant reductions in federal income tax.

  5. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    Standard deduction. 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 ...

  6. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    For example, the income level at which each rate starts generally is higher (i.e., tax is lower) for married couples filing a joint return or single individuals filing as head of household. Individuals are subject to federal graduated tax rates from 10% to 37%. [ 20 ]

  7. Marriage penalty - Wikipedia

    en.wikipedia.org/wiki/Marriage_penalty

    The former requires using the 'Married Filing Separately' or 'Head of Household' tax brackets, which are less beneficial than 'Married Filing Jointly'. [10] [1] [2] The latter allows that person to use the more favorable 'Married Filing Jointly' tax brackets but requires paying tax on the non-US person's income, which would not be required for ...

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