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Explore: Top Tips for Painless Tax Prep. Another potential benefit is that you can use the new simplified Form 1040-SR for seniors if you are 65 or older and don’t have a complicated tax return ...
Contribution limits for IRAs remain unchanged at $6,000 if you are under 50 years old and $7,000 if you are 50 or older. However, the IRS did announce a few other tax changes that impact IRAs in 2022.
There are two big changes to this credit. First, the amount of allowable credit has increased substantially. In the past, taxpayers were capped up to $3,000 for child care expenses for one ...
(The Center Square) – Amid a push to raise the annual cap on property tax increases statewide, Sen. Phil Fortunato, R-Auburn, wants the Legislature to exempt around 500,000 senior citizens ...
The federal government began taxing Social Security benefits with the 1984 tax year, but it wasn’t until 1993 that tax rates and income thresholds were set to what today’s seniors are expected ...
The following table shows the district, party, counties represented, and date first elected of members of the House of Representatives. [2] The representatives were elected in new districts districts passed by the General Assembly in 2022 (House Bill 980 of the 2021–2022 session) to account for population changes following the 2020 census.