As Florida continues to attract retirees with its warm weather and vibrant communities, many seniors find themselves grappling with the financial burdens that come with homeownership, particularly property taxes. The good news is that there are movements to eliminate property taxes, particularly for seniors, which could significantly ease the financial strain on homeowners. With discussions […]
Category Archives: Taxes
Seniors taxes refer to the specific tax considerations and benefits available to individuals who are in their retirement years or are considered senior citizens. These tax provisions are designed to recognize the unique financial circumstances of older adults and to provide them with potential deductions, credits, and exemptions that can help alleviate their tax burden. Seniors often have various sources of income, such as Social Security, retirement savings, and investment income, which can have distinct tax implications. Understanding and optimizing these tax strategies is crucial for seniors to maximize their retirement income and maintain financial stability during their golden years.
30
Jul
Jul
Take your time and read thru this article, but please don’t give in to all the lies and negativity that will come out and that defunding of everything will take place. Don’t let them fool you with that agenda. See article here: https://www.wesh.com/article/governor-desantis-property-taxes-florida-homeowners/65502648 now watch these 2 videos here: https://youtu.be/LcxLVgwuZ0o?si=_OHGirpze2QrIJDe and this one: https://youtu.be/Q6hN0IkWnCc?si=HqxCz2Ju1D5W9bhS
03
Apr
Apr
Why Seniors in Florida Deserve Property Tax Relief Are you a senior living in Florida? Tired of the financial burden caused by property taxes? You’re not alone. Many seniors in Florida are struggling to keep up with the rising cost of property taxes, which can force them out of their homes and communities where they […]
20
Apr
Apr
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 […]
02
Mar
Mar
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 […]
11
Oct
Oct
| 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 […]