tax tips

Caregiving and Taxes

Posted on 03/28/2013 by | Aging, Home & Family Expert | Comments

CaregivingAs working caregivers, we often have extra pressure around tax time. Even a simple tax situation can be very daunting as we are simultaneously working, caregiving, organizing our own and organizing our loved ones’ taxes! The good news is there may be some ways to ease the burden for your loved ones. Here is my short Taking Care with Amy Goyer: Caregiving and Taxes video with a few tips on handling this stressful time of year, which you may have …

Watch AARP Live March 21st at 10pm Eastern!

Posted on 03/18/2013 by | AARP Blog Author | Comments

Money & SavingsThe following is a guest post by Dennis Eisnach – AARP South Dakota volunteer president What Makes A Community Livable for a Lifetime?  For most of us, the ability to drive ourselves where we need to go is a given. We take it for granted. It’s easy to forget that for many seniors that’s not always the case.  As an AARP volunteer in my home state of South Dakota I see this problem every day. In some rural areas of …

Some Tax Tips to Heed Ahead of the Deadline

Posted on 02/28/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsThe deadline to file your tax return is approaching, so it’s important you know how to get every refund, credit and deduction you can. Here are some to consider: Long-term care insurance premiums. The older you are, the higher the portion you can claim. Here’s the scale: Age 41 to 50, $660; 51 to 60, $1,310; 61 to 70, $3,500; 71 or over, $4,370. Medical necessities. Did you know you can deduct expenses for things like hearing aids and batteries, …

How Long Should I Keep Tax Documents?

Posted on 02/6/2013 by | Money | Comments

Money & SavingsThe following is a guest post by Jim Young. Ever wonder how long you really need to hold on to your tax documents? Depending on which expert you ask, you might get a range of responses ranging from a few years to a lifetime. See also: Find an AARP Foundation Tax-Aide location near you. IRS Publication 552 gives you a direct answer and says that you are required to keep records as long as they may be needed for the …