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2. Child Tax Credit: If You Didn’t Receive IRS Letter 6419, Do This

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   The IRS has sent out a letter to families, Letter 6419, detailing the amount of money taxpayers received last year in terms of advance payments. You will need this letter in order to file your ...

3. If You’re Married, Should You File Taxes Jointly or Separately?

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   With little time left until April 15, the 2024 deadline for filing federal taxes in the U.S., some married couples are grappling with the question: Should we file jointly or separately? Check Out:...

4. Married Filing Separately: What You Need To Know for This Tax ...

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   You can claim up to 20% of $10,000 in expenses, or up to $2,000 — but not if you’re married and filing separately. You won’t be able to claim the adoption tax credit. Filing separately means ...

5. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Standard deduction. Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [ 1] but usually choose whichever results in the ...

6. Filing status - Wikipedia

   en.wikipedia.org/wiki/Filing_status

   Filing status depends in part on marital status and family situation. [2] There are five possible filing status categories: single individual, married person filing jointly or surviving spouse, married person filing separately, head of household, and qualifying widow (er) with dependent children. [1] A taxpayer who qualifies for more than one ...

7. Earned income tax credit - Wikipedia

   en.wikipedia.org/wiki/Earned_income_tax_credit

   Tax credit equals $0.34 for each dollar of earned income for income up to $10,540. For income between $10,540 and $19,330, the tax credit is a constant "plateau" at $3,584. For income between $19,330 and $41,765, the tax credit decreases by $0.1598 for each dollar earned over $19,330. For income over $41,765, the tax credit is zero.

8. How To File Your Taxes If You Got Married in 2021 - AOL

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   For most people, married filing jointly will be the best choice and will save money on taxes. Married filing separately typically means you’ll lose certain so-called “marriage bonuses.”

9. AOL Mail

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   Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!