Posts Tagged ‘ senior citizen taxes ’

INCOME TAX RETURN TIPS FOR SENIORS

Mar 3rd, 2012 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Seniors Benefit From Income Tax  Code A variety of income tax breaks are available to senior citizens who qualify.  Some of them are detailed enough that you will need to consult a tax specialist who can review your circumstances to determine if you qualify or not.  The tips are provided here, with the caveat that [...]



Seniors Look at the Federal Tax Cuts Issue

Sep 17th, 2010 | By Sharon Shaw Elrod MSW EdD | Category: Senior Moments Blog

The Internet and mainstream news media are full of articles, blogs and news reports about how, when and if the federal tax cuts enacted early in the Bush administration will be extended. They are due to expire at the end of December this year (2010).

Unfortunately a lot of information is clouded in distortions and midleading statements. Those who want all of the tax cuts to remain in effect say it is necessary in order to avoid making the recession worse. On the other side of the fence, there are those who want the tax cuts on the wealthiest Americans (those earning $200k and up) to be reversed and eventually get back to the pre-2000 level. They maintain the wealthy do not pay their fair share of taxes; the counter-argument is that if the wealthy have to pay more taxes, there is less to trickle down to the middle and lower classes in the form of jobs.