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A New $6,000 Tax Deduction for Seniors.
If you are age 65 or older, there is a new federal tax break worth understanding.
As part of the “Big Beautiful Tax Bill,” recent tax legislation introduced an extra $6,000 deduction for seniors. This is a real, meaningful reduction in taxable income for many people, but it comes with limits.
Brian A. Raphan, Esq.
Mar 242 min read
2019 Will Bring Social Security Beneficiaries the Biggest Increase in Eight Years
The Social Security Administration has announced a 2.8 percent increase in benefits in 2019, the largest increase since 2012. The change...
Brian A. Raphan, Esq.
Jan 4, 20191 min read
10 Really Good Year-End Tax Tips
Via By Maryalene LaPonsie, Contributor With the end of the year looming, the window is quickly closing for taxpayers who want to minimize...
Brian A. Raphan, Esq.
Dec 12, 20174 min read
8 Pretty Good Things For Seniors To Remember at Tax Time
Tax day, which is April 18th in 2017, is approaching and it is time to begin crossing T’s and dotting I’s in preparation for paying...
Brian A. Raphan, Esq.
Mar 7, 20173 min read
It’s Official: Estate Exclusion to Rise to $5.45M in 2016
The IRS has announced that the basic estate tax exclusion amount for the estates of decedents dying during calendar year 2016 will be...
Brian A. Raphan, Esq.
Dec 26, 20151 min read
Life Events That May Have Tax Consequences for Seniors and Retirees
Many significant life events often come with a related tax consequence. Here are some issues that may be facing seniors and retirees with...
Brian A. Raphan, Esq.
Dec 17, 20152 min read
Important news for seniors and their families
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