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The IRS has increased the standard deduction in 2023 and 2024, which could result in a lower tax bill for many Americans

The standard deduction reduces the amount of your taxable income—the IRS has increased it in 2023 and 2024, which could result in a lower tax bill for many Americans. ....

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Social Security: Will You Pay Taxes on Your Benefit in 2024?

Social Security benefits collected in 2024 may be taxed at the federal and state levels. ....

West Virginia , United States , Rhode Island , New Mexico , Social Security , Single Filer , Joint Filer ,

Tax Breaks After 50 You Can't Afford to Miss

When taxpayers reach age 50, they are eligible to save on federal income taxes through catch-up contributions to IRA and 401(k) plans and more extras. ....

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Paying Taxes on Social Security Benefits: What Retirees Must Know Before 2024

Social Security benefits can be taxed at the federal and state levels, but state-specific tax laws vary widely. ....

United States , New Mexico , Rhode Island , West Virginia , Security Administration , Social Security , Single Filer , Joint Filer , Individual Retirement Accounts ,

Paying Taxes on Social Security Benefits: What Retirees Must Know Before 2024

Social Security benefits can be taxed at the federal and state levels, but state-specific tax laws vary widely. ....

United States , New Mexico , West Virginia , Rhode Island , Security Administration , Social Security , Single Filer , Joint Filer , Individual Retirement Accounts ,