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Higher standard deduction, breaks for older taxpayers
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By Carole Feldman Associated Press WASHINGTON - You've downsized to an apartment, the kids are long gone, and you're no longer eligible for some of the deductions and exemptions that had helped you lower your tax bill. But for those 65 years or older, there are other tax breaks that might benefit you come tax time. For one, not all your Social Security benefits are subject to federal taxes.