When asked about completing his income tax form, Albert Einstein once said, “This is a question too difficult for a mathematician. It should be asked of a philosopher."
It may be a little early to tell whether the government’s new tax reforms are too difficult for mathematicians and accountants to figure out, let alone average taxpayers like the rest of us. But one thing is for sure about one of the sure things in life: pretty much everyone has to face up to doing taxes within the next few weeks.
The Internal Revenue Service has begun accepting 2017 returns and set the deadline for filing to April 17. So, what happened to April 15, you ask? Well, for the second year in a row, April 15 falls on a weekend (Sunday) and April 16 is Emancipation Day, a legal holiday in Washington, D.C. While it’s nice to have two extra days to get the job done, there’s no time like the present to become familiar with some of the changes and top tax benefits that favor seniors and retirees. It’s definitely worth the extra effort:
Of course, these are just a handful of the tax benefits available to seniors. The best way to get help and have your questions answered is to take advantage of free preparation and tax advice available in many areas. Life Enrichment Directors (LEDs) at some Sunshine Retirement communities are helping residents connect with these volunteer consultants. For example, Ashley Hurd, LED at Dunwoody Pines in Georgia has arranged to take residents to the local library, where AARP will provide free tax service on March 7 and 21 from 10:00 am – 2:00 pm.
For those who want to take the initiative themselves, here are several reliable alternatives to explore:
If all of these options still feel a little overwhelming, the best thing to do might just be finding a professional accountant in your area. Contact your local LED to help you get connected. Chances are, one of your fellow residents is already related to one.
*This blog was first published here: Sunshine Retirement Living, February, 2018.