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  2. 2 Important IRA Changes Coming in 2025 That Investors ... - AOL

    www.aol.com/2-important-ira-changes-coming...

    Tax Filing Status. 2024 MAGI. 2025 MAGI. Traditional IRA Deduction. Single individuals covered by a workplace retirement plan. $77,000 or less. $79,000 or less

  3. How To Use Your IRA as a Last-Minute Tax Deduction - AOL

    www.aol.com/ira-last-minute-tax-deduction...

    For 2019, 2020 and 2021, tax the traditional IRA contribution limit is $6,000 if you are under age 50 and $7,000 if you are 50 or over. These contribution limits represent an increase over what ...

  4. I’m an Accountant: 7 Things Couples Filing Taxes Jointly ...

    www.aol.com/m-accountant-7-things-couples...

    In 2023, the standard deduction for a married couple filing jointly was $27,700, while for a married couple filing separately, it was only $13,850. For 2024, those deductions increase to $29,200 ...

  5. How Tax Filing Status Relates to Deductions in 2021 and 2022

    www.aol.com/tax-filing-status-relates-deductions...

    Standard deduction: This is the same deduction as marred filing jointly. A qualifying widow(er) is eligible for a $25,100 deduction for the 2021 tax year and a $25,900 deduction for the 2022 tax year.

  6. What the 2025 IRA Contribution Rules Mean for Your ... - AOL

    www.aol.com/2025-ira-contribution-rules-mean...

    Married filing jointly with modified adjusted gross income of less than $230,000. ... Maximize your combined IRA contribution limit. ... You can choose a traditional IRA and get a tax deduction ...

  7. What are the tax brackets for tax years 2024 and 2025? What ...

    www.aol.com/tax-brackets-tax-years-2024...

    For married couples filing jointly for tax year 2024, the deduction increased to $29,200, up $1,500 from tax year 2023, the IRS said. The IRS noted that for the head of household, the standard ...