Once you turn 50, and especially after age 65, you may qualify for extra tax benefits. People 65 and older get a higher standard deduction and have higher income thresholds before they have to file a tax return. Workers over 50 can also reduce their tax bill or defer taxes using retirement and health savings accounts.
Here are 10 tax breaks for people over 50…
This post originally appeared at U.S. News & World Report.
