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

   www.aol.com/finance/standard-deduction-people...

   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 ...

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

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

   For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older OR blind are: $1,850 for single or head of household. $1,500 for married taxpayers (per qualifying ...

4. Tax Brackets: Full Explanation of What They Mean and ... - AOL

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

   For reference, here’s how the IRS website has broken down the new tax brackets for 2023: 10% for incomes of $11,000 or less ($22,000 for married couples filing jointly) 12% for incomes over ...

5. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   v. 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 ...

6. Tax bracket - Wikipedia

   en.wikipedia.org/wiki/Tax_bracket

   Imagine that there are three tax brackets: 10%, 20%, and 30%. The 10% rate applies to income from $1 to $10,000; the 20% rate applies to income from $10,001 to $20,000; and the 30% rate applies to all income above $20,000. Under this system, someone earning $10,000 is taxed at 10%, paying a total of $1,000. Someone earning $5,000 pays $500, and ...

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

   www.aol.com/file-taxes-2023-know-tax-163140299.html

   And the IRS already has announced tax brackets will get another 5 ... for people over 65 is $1,850 if you are single or filing as a head of household, and $1,500 for married couples filing jointly ...