Category: Estate Planning

Tax season is here, and seniors need to take advantage of every possible deduction to maximize their savings. The 2024 tax year offers several benefits for retirees, including higher standard deductions, potential tax credits, and special deductions for medical expenses, retirement income, and charitable giving. This guide breaks down key deductions available to seniors, including the increased standard deduction for those 65 and older, ways to reduce taxable Social Security income, and credits that can lower your overall tax bill. Learn how to file efficiently, whether through online e-filing, professional tax services, or free IRS programs designed for retirees. Don’t leave money on the table—find out how to optimize your 2024 tax return today.

2025 is here, it’s time to start creating an income tax strategy for 2025.  The purpose...