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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 standard deduction for those over age 65 in 2023 (filing tax year 2022) is $14,700 for singles, $27,300 for married filing jointly if only one partner is over 65 (or $28,700 if both are), and ...

  3. What Is the Standard Deduction for Married Filing Jointly in ...

    www.aol.com/standard-deduction-married-filing...

    The standard deduction for married taxpayers filing jointly is $25,900, up from $800 from the previous year. For those 65 or older or blind, the additional standard deduction for married taxpayers ...

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

    www.aol.com/retirees-65-older-eligible-extra...

    The standard deduction amounts for 2023 are $27,700 if you’re married filing jointly (an increase of $1,800 from 2022), $20,800 for heads of households (a $1,400 gain) and $13,850 for single ...

  5. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    Married couple, ages 78 and 80, one of whom is blind $27,700 + $1,500 + $1,500 + $1,500 = $32,200 Dependent who earns $200 in 2023 $1,250 (minimum standard deduction for dependents) Dependent who earns $6,000 in 2023 $6,000 + $400 = $6,400 Dependent who earns $18,000 in 2023 $13,850 (maximum standard deduction for single filing status in 2023)

  6. The IRS Is Letting You Keep More Money in 2023, Increasing ...

    www.aol.com/finance/irs-letting-keep-more-money...

    Married couples filing jointly will have a standard deduction of $27,700 (a $1,800 increase). ... and $693,750 and above for married couples filing jointly, which is about $40,000 more than the ...

  7. Tax bracket - Wikipedia

    en.wikipedia.org/wiki/Tax_bracket

    Standard deduction is a sort of minimum itemized deduction. If all itemized deductions are added up and it is less than the standard deduction, the standard deduction is taken. In 2007 this was $5,350 for those filing individually and $10,700 for married filing jointly.

  8. 2023 Tax Updates: What Changes Can You Expect in the ... - AOL

    www.aol.com/finance/2023-tax-updates-changes...

    The standard deduction for married couples filing jointly for tax year 2023 rises to $27,700, up $1,800 from 2022. For single taxpayers and married individuals filing separately, the standard ...

  9. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    Standard deduction: Individuals get a deduction from taxable income for certain personal expenses. An individual may claim a standard deduction . For 2021, the basic standard deduction was $12,550 for single individuals or married persons filing separately, $25,100 for a joint return or surviving spouse, and $18,800 for a head of household.

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