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  2. 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 ...

  3. New Tax Regime - Wikipedia

    en.wikipedia.org/wiki/New_Tax_Regime

    The New Tax Regime is a scheme of Income tax in India first proposed in Union Budget 2020–21. [ 1] Subsequent Budget of FY2021-22 did not see any major announcements in this regime. [ 2] During the Budget 2022–23, reports emerged that New Tax Regime was getting poor response [ 3] and Government is considering to make it more attractive ...

  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. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    The U.S. federal and most state income tax systems tax the worldwide income of citizens and residents. [18] A federal foreign tax credit is granted for foreign income taxes. Individuals residing abroad may also claim the foreign earned income exclusion. Individuals may be a citizen or resident of the United States but not a resident of a state.

  6. 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 ...

  7. New York State School Tax Relief Program - Wikipedia

    en.wikipedia.org/wiki/New_York_State_School_Tax...

    The New York State School Tax Relief Program (more commonly known as the STAR Program ), or New York State Real Property Tax Law §425, [ 1] is a school tax rebate program offered in New York State aimed at reducing school district property taxes on the primary residences of New York residents. [ 2] In New York City, the STAR Program is a tax ...

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