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  2. 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 ...

  3. Special rules apply for people who are blind or have low vision (vision in both eyes is 20/200 or worse). For example, legally blind people can earn up to $2,590 per month and still receive benefits.

  4. Taxes 2024: The 4 Most Overlooked Breaks for Taxpayers Older ...

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    At the same time, the contribution limit for a traditional or Roth IRA for tax year 2024 is $7,000, up from $6,500 for tax year 2023. Those 50 and older can contribute an additional catch-up ...

  5. Substantial gainful activity - Wikipedia

    en.wikipedia.org/wiki/Substantial_gainful_activity

    For non-blind people, the amount set by the SSA for 2009-10 was $980 per month. [3] If a claimant were to earn more than the set amount, they would no longer be considered disabled by the SSA, regardless of their medical condition, and their benefits would cease after two further disability checks.

  6. Supplemental Security Income - Wikipedia

    en.wikipedia.org/wiki/Supplemental_Security_Income

    having been lawfully residing in the US on August 22, 1996, and being blind and disabled (excluding aged individuals) In order to qualify for SSI, an immigrant must have been a legal resident of the United States before the Welfare Reform Act of 1996 took effect (August 22, 1996). Those who arrived after that date may be denied SSI benefits.

  7. Employer transportation benefits in the United States

    en.wikipedia.org/wiki/Employer_transportation...

    An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.

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

    www.aol.com/finance/8-tax-breaks-retirees-2024...

    Certain taxpayers aged 65 or older are eligible for the elderly credit, which is a tax break that could mitigate the amount of tax owed up to $7,500. To qualify for this credit include Individuals ...

  9. Tax breaks after 50 you might not know about - AOL

    www.aol.com/finance/tax-breaks-after-50-you...

    Many states offer breaks and exemptions on property taxes to residents over a specific age. Eligibility varies by state, but typically you’ll need to meet age, location and income requirements.