Senior Citizen Tax Filing Resources for 2017

Tax season is once again upon us. While filing taxes is never an enjoyable chore, we’ve pulled together a few online resources to help.

Keep in mind that the United States Tax Code is always changing. An estate planning attorney stays abreast of all of the changes to the Tax Code and knows how the law treats retirement accounts, deductions, and tax credits from a senior citizen’s perspective. An estate planning attorney or living trust attorney can help you coordinate all of your assets in a manner that most reduces your taxes.

Tips for Seniors in Preparing their Taxes

The Internal Revenue Service developed these tips to help senior citizens avoid some of the common errors dealing with the standard deduction for seniors, the taxable amount of Social Security benefits, and the Credit for the Elderly and Disabled.

From the IRS: Frequently Asked Questions for Seniors

You can find answers to some commonly asked questions plus links to IRS resources for senior citizens here.

NCOA 2017 Senior Tax Guide

The National Council on Aging provided this 2017 senior tax guide with tips developed by the Senate Special Committee on Aging to help you get the most from your tax returns this year.

2017 Tax Rates, Standard Deductions, and Exemption Amounts

This Forbes article details the numbers and tax rates you’ll use to prepare your 2017 tax returns in 2018. Included are tax rate schedules, tax tables, and cost-of-living adjustments for certain tax items.

Filing one’s taxes alone without the help of a Massachusetts elder lawyer is risky. Contact us today for help!