Category Archives: Taxes

What to know about taxes and stimulus checks

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Some seniors are confused about their status regarding “stimulus checks,” the government payments designed to help people through the difficulties caused by the COVID-19 pandemic. This is not surprising, as there have been a total of three rounds of payments, authorized by two separate acts of Congress. The Coronavirus Aid, Relief, and Economic Security Act […]

Should Seniors File a Tax Return, Even If It Isn’t Required?

Filing a tax return can be an irritating and time-consuming task. Given that, why should anyone (especially seniors) file a return when they are not legally required to do so? There may be several good reasons. No one who does not have taxable income is legally required to file a tax return. From the tax […]

Why tax-deductible items are not what they appear

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| Written by Brett Porter, EA for Winter 2020 Edition of OurSeniors.net Magazine | Every year you hear it. You may even say it yourself. “I can just write it off on my taxes,” but can you really? Most people are completely confused as to whether or not all their tax deductions are even making […]