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

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    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 ...

  3. Retirees Often Overlook These 11 Tax Deductions - AOL

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    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.

  4. Tax season 2024: When to file 2023 taxes, tax filing deadline ...

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    Tax returns for federal and Oklahoma state income taxes are due April 15. To file for an extension, taxpayers can fill out Form 4868 by April 15, giving you six more months to complete your tax ...

  5. Income tax in the United States - Wikipedia

    en.wikipedia.org/.../Income_tax_in_the_United_States

    Federal, State, and Local income tax as a percent GDP Federal income, payroll, and tariff tax history Taxes revenue by source chart history US Capital Gains Taxes history In 1913, the top tax rate was 7% on incomes above $500,000 (equivalent to $15.4 million [ 96 ] in 2023 dollars) and a total of $28.3 million was collected.

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

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    DEAR RETIRED: Whether or not you are required to file a federal income tax return this year will depend on how much you earned last year (in 2023), as well as the source of the income, your age ...

  7. 8 Tax Breaks Retirees Can Prepare to Use for 2024 - AOL

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    Identify income sources: Determine the various streams of income you’ll have in retirement, such as Social Security benefits, pensions, IRA/401(k) withdrawals, investment income, etc. Know tax ...

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