Dear Call Box: Are there still places for senior citizens to get free help with their income taxes? I live on the Westside. -- M.J.Clark, Mike
they’re also one of the best federal tax deductions for seniors and other taxpayers. Provided you donate to a qualifying, tax-exempt organization, you can claim anywhere from 20% to 60% of your contribution as tax-deductible when filing your income taxes. ...
If you're a senior citizen looking to lower your taxes and donate to charity, you're in luck. Two established tax strategies can help you achieve this goal with the IRS for the 2024 tax year. There is...
consider protective's survivor universal ul policy. it's less expensive than some individual policies, plus you can use the death benefit to help offset estate taxes when you or your spouse dies. you can apply for this policy up to age 85, and coverage amounts start at $250,000. policy...
Of course, earning income in the gig economy has some downsides. Most of the time, workers are considered contractors and are responsible for paying their own taxes. In addition, the income can be quite unpredictable. However, these drawbacks may be an acceptable trade-off to earning additional...
An insurance policy can help in two ways: Pay off debt: You can use life insurance to pay off any outstanding debt. This will stop lenders from tapping into your estate before your heirs receive it. Taxes: Life insurance makes sense for "estate planning purposes," says Noah Damsky, CFA...
Price:$25 per month (taxes and fees included). At a glance:An affordable baseline unlimited data plan. Things to know:Mobile hotspot is included. Customer service is mostly by web chat withVisible, which could make resolving issues tedious. ...
You may find filing your taxes to be more complicated than when you worked full time. Tim SmartApril 14, 2025 What Expats Need to Know About Taxes Living or retiring abroad doesn’t absolve you of your responsibility to file a U.S. tax return. ...
Taxes and Medicare expenses eat away at COLA As many as 26% of survey participants who have received Social Security for more than three years report they paid taxes on a portion of their benefits for the first time during the 2023 tax season, The Senior Citizens League (TSCL) said in a...
Currently, seniors don’t owe taxes on their benefits if they earn less than $25,000 per individual, or $32,000 for married couples, of so-called combined income, which takes into account their adjusted gross income, half their Social Security benefits and nontaxable interest. Above that thr...