With tax season approaching, it is important to begin getting prepared to ensure a smooth process of filing. Taxes can be complicated due to several rules surrounding different financial scenarios for people. Tax information regarding retirement income, Social Security benefits, pensions, retirement accounts and more are all included.
This in depth guide is designed to provide up to date information about senior tax preparation and may help clear up questions you have during this upcoming 2021 tax season.
You can find information on calculating tax rates, AARP tax aide, some expert tips and additional resources from the IRS.
All of the resources from RetireGuide.com are written and reviewed by experts; this article being no different. Though it is not financial advice, all information included in this “Tax Prep for Seniors” article is reviewed by Ebony J. Howard CPA.