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2. 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.

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

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

   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. Taxation in Puerto Rico - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_Puerto_Rico

   Sales and Use Tax. The Puerto Rico Sales and Use Tax (SUT, Spanish: Impuesto a las Ventas y Uso, IVU) is the combined sales and use tax applied to most sales in Puerto Rico. As of 2020, the tax rate is 11.5%: 1.0% of the tax collected goes to the municipality where the sale was executed (there are 78 municipios - municipalities), and 10.5% of ...

5. Housing for Older Persons Act - Wikipedia

   en.wikipedia.org/wiki/Housing_for_Older_Persons_Act

   The short title is the "Housing for Older Persons Act of 1995." [ 4] Section 2, defining "housing for older persons", amends Section 807 (b) (2) (C) of the Fair Housing Act, [ 5] as that being. intended and operated for occupancy by persons 55 years of age or older, and--. (i) at least 80 percent of the occupied units are occupied by at least ...

6. Taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_the_United_States

   Federal and state tax authorities provide preprinted forms that must be used to file tax returns. IRS Form 1040 series is required for individuals, Form 1120 series for corporations, Form 1065 for partnerships, and Form 990 series for tax exempt organizations. The state forms vary widely, and rarely correspond to federal forms.

7. Do retirees need to file a tax return this year? Savvy Senior ...

   www.aol.com/retirees-file-tax-return-savvy...

   You’ll also need to file if you’re receiving Social Security benefits, and one-half of your benefits, plus your other gross income and any tax-exempt interest exceeds $25,000, or $32,000 if ...