As soon as the new year comes around, most people start to think about when they’re going to file their taxes. For seniors, this process can be a bit confusing, especially because most receive income from non-taxable sources, such as Social Security and tax-exempt bonds, according to Daily Finance.
Don’t let tax season intimidate you. Here are eight tips that can help make it a less stressful and overwhelming process.
1. Don’t make assumptions
Generally, Social Security income is not taxable, but unfortunately, that’s not always the case. Also, if you have any additional income besides SS benefits, you may have to file …read more