20 Valuable Tax Tips for Seniors
With age comes wisdom, as well as certain tax breaks. While seniors often face lower income and higher expenses (think health care and assisted living), there are also numerous federal and state rules aimed at easing their tax burden. Many seniors have questions about the new Tax Cuts and Jobs Act and how it will affect them. While there are some changes, for the most part, low- to middle-income seniors will not be affected; the cuts will mostly go to upper income retirees. Here are some tax breaks to remember during the golden years.
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