Note That:Many of these programs and discounts are only available online, and couldexpire as early as thisJanuary. For that reason, we strongly encourage our readers toclaim the items in the list below right away! 1Collecting Social Security? Consider a "Do-Over" and Get a Benefits Boost ...
As a senior, you can claim a number of tax benefits, whether in the form of deductions, credits, or exemptions. Tax deductions work similarly to exemptions. Both help lower your taxable income, while tax credits lower your tax liability dollar-for-dollar. All things equal, tax credits typica...
In the United States, 50 percent of elders claim complain about not getting good quality sleep. One way older folks can assuage this problem is by seeking out the best mattress for seniors. While there’s no one-size-fits-all bed for elderly sleepers, a comfortable mattress for seniors sh...
Death benefits available will be lower if you buy when you’re a senior citizen. It can include waiting periods where premiums are paid for two or three years but no claim is allowed against the policy. If you’re still living at the end of term, you’ll need to re-apply for a new...
loans, which have less stringent eligibility requirements than conventional loans. Seniors can use their Social Security income to qualify, but they may need to make a larger down payment, usually around 3.5% if their credit score is above 580. These loans also require mortgage insurance premiums...
Who's this for: Available to AARP members, The Hartford car insurance policies include RecoverCare, which pays up to $2,500 for services you may need help with if you've been injured in a covered accident, including transportation, housekeeping and dogwalking. Standout benefits: The Hartword...
subject to income tax. Seniors can earn up to $15,700 per year before being required to file a tax return—this is $1,850 more than younger workers. It should be noted, however, that you’ll still need to file if you want to claim any tax credits or to be refunded withheldincome ...
These are our picks: Best for flexibility: Ladder Best for term life: Haven Best for whole life: Amica Best for no-exam policies: Ethos Best for living benefits: AIG Best for max age limits: John Hancock Best for flexibility: Ladder When it comes to flexibility, Ladder is hard to beat....
Form 1040-SR uses a larger type and emphasizes tax benefits for those over age 65, particularly the additional standard deduction. Taxpayers over age 65 receive a higher standard deduction, but they don't necessarily have to use Form 1040-SR to claim it. ...
Financing options may also be available for those who need assistance paying for their loved one’s care. These can include long-term care insurance, Medicaid benefits, or veterans’ benefits. Choosing the right assisted living facility can be a daunting task, but it doesn’t have to be. By...