Financial
Savvy Senior: How to Get Help as an Elder Orphan
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- Written by Jim Miller Jim Miller
Dear Savvy Senior,
I need to find someone honest and reliable to look after my estate, health, and long-term care when I’m no longer able to do it myself. I’m a 67-year-old recent widow with no children and one sibling I rarely talk to. Any suggestions?
– Solo Ager
3 Easy Tips on How to File Taxes Securely Online
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According to the data, over 91% of the 165 million tax returns in the U.S. were filed electronically last year. Due to the ongoing presence of coronavirus, it is expected that an even greater percentage of tax documents will be submitted online this year.
Savvy Senior: Do I Have to File Income Tax Returns This Year?
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- Written by Jim Miller Jim Miller
Dear Savvy Senior,
What is the IRS standard tax deduction for 2021? I didn’t file a tax return last tax year (2020) because I lost my job and my income in March due to COVID. But I got a part-time job in 2021 and am wondering if I made enough money that requires me to file this year.
– Part-Time Retiree
Money Sense: Scram to Scams
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- Written by Karen Telleen-Lawton Karen Telleen-Lawton
My most worn keyboard key is “delete.”
Tax-Aide Provides Low-Contact Service in Lebanon County
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Beginning Feb. 3 and continuing through April 15, AARP Foundation is providing free tax assistance and preparation through its Tax-Aide program.
Savvy Senior: Tax Breaks for Caregivers of Elderly Parents
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- Written by Jim Miller Jim Miller
Dear Savvy Senior,
Are there any tax breaks that you know of for family caregivers? I help financially support my 82-year-old mother and would like to find out if I can write off any of these expenses on my taxes.
– Supplemental Sam
Legal Ease: Lots of Reasons to Rethink This Plan, Part 2
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- Written by Jonathan J. David Jonathan J. David
Dear Jonathan: I am a widower and have five adult children. Rather than engage in any formal and costly estate planning, I plan to keep it simple by adding my daughter’s name to the title of my assets.
Social Security News: Get Your Social Security Benefit Statement
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- Written by John Johnston John Johnston
We’ve made getting your annual benefit statement even easier. The benefit statement, also known as the SSA-1099 or the SSA-1042S, is a tax form we mail each year in January to people who receive Social Security benefits.
Legal Ease: Lots of Reasons to Rethink This Plan
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- Written by Jonathan J. David Jonathan J. David
Dear Jonathan: I am a widower and have five adult children. Rather than engage in any formal and costly estate planning, I plan to keep it simple by adding my daughter’s name to the title of my assets.