Overlooked Tax Breaks for Older Adults

Overlooked Tax Breaks for Older Adults

Credits for low-income older adults. Contributions to a spouse’s IRA. Medicare premium deductions. Tax-friendly ways to make charitable donations.

Are you getting all the tax breaks you’re entitled to?

Unfortunately, many people over age 65 miss tax-saving opportunities that are available to them. We found a story on the Kiplinger website that outlines some commonly overlooked tax breaks for older adults. Head into the tax season with more knowledge than you had last year and keep a bit more money for yourself.

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