SAVVY SENIOR ; Tax Season Filing Advice for SeniorsDear Savvy Senior,What are the IRS income tax filing requirements for seniors thistax season? My...Miller, Jim
Besides the 1040-SR form, seniors have special options available to file and pay their taxes. Here's a guide to tax counseling for the elderly.
Fillable forms are alsoofferedfor e-filing. Tax help Taxpayers who either make $64,000 or less, have a disability, or have limited English-speaking skills can get free basic tax return preparation as part of a program called Volunteer Income Tax Assistance (VITA). Additionally, there is a s...
"The volunteers in my area all work through a program called 'Tax Counseling for the Elderly,' " said Jack Hornaday of Lombard, who is the acting coordinator of the tax assistance volunteer program for York Township. "We have about 20 volunteers who work at the township office itself, as...
Form 1040-SR simplifies tax filing requirements for seniors who are 65 and older, ensuring they can easily access the benefits available to them. You can't use Form 1040-SR if you're a retiree under the age of 65, even if your income sources include Social Security, pensions, and investm...
Luckily, once you turn 60, the federal government offers additional tax-filing assistance through the Tax Counseling for the Elderly (TCE) program. Plus, in most cases, you should be able to file your taxes for free once you reach senior status. Check the IRS’s TCE locator tool to ...
Former President Trump recently declared that seniors should not have to pay income tax on Social Security benefits. This…is bad tax policy. …The tax treatment of Social Security is roughly equivalent to the taxation of private pensions. Under current law, pensions distributions made from the pr...
This Tax Season, Seniors Can Get Free Assistance When it comes to filing your 2022 federal tax return for the 2023 tax season, you may be able to access several forms of assistance for free. Filing Online: IRS Free File In January 2023, the Internal Revenue Service (IRS)’sFree Fileservi...
Free Tax Preparation Help for Seniors from the IRS 6 Tips to Ease Into Helping Aging Parents Manage Finances Tax Season = More Financial Scams Against Seniors Guest contributor:Shannon Listmanis a South Jersey native who recently relocated to Charlotte, NC. She believes the internet can both help...
assistance to those age 60 or older. IRS-certified volunteers assist older taxpayers with basic tax return preparation and electronic filing between Jan. 1 and April 15 each year. The TCE program specializes in tax issues seniors typically face, including tax questions about pensions and retirement...