4 Tips for Better Tax Prep for Seniors

Most people don’t get excited at the prospect of getting their taxes done, but there are some reasons to have this important annual task done. Here are some tips to help seniors with their tax prep so it’s less of a burden.

1. File your tax return as soon as possible. By filing as early as possible, you cut down the risk of identity theft. How so? Well, there are scammers who file fraudulent tax returns using someone else’s personal information, and they in turn get a refund. Or, they present inaccurate information to the IRS about your tax situations. Fraudulent returns have been filed for a large number of U.S. seniors. To help avoid this, get your taxes done as soon as your documents are available.

2. Set aside tax-related papers year-round. Talk to your accountant to find out what tax papers he or she needs for tax time, and set up a folder or filing system so they are easy to gather the following year. If you didn’t do that this year, ask Secure Aging for help. With our focus on money management, we can make this task easier for you.

3. Work with a trusted accountant or CPA. Secure Aging knows many of the area accountants/CPAs, and we are happy to refer our clients to the best in town. One Bradenton CPA we recommend to many is Michelle Tourjee, who we profiled last month on our blog. Learn more about Michelle by reading our article here. Depending on your tax burden, Secure Aging also can help lead you to free or low-cost tax prep resources in our area.

4. Educate yourself on tax changes. The year 2018 brought a sweeping round of tax changes. Ask your accountant or CPA how those changes will affect you both for your 2018 return and going forward.

If organizing your tax paperwork seems overly, well, taxing, then give Secure Aging a call. We regularly help our senior clients with their tax files so they can file a prompt, accurate return.

Call Secure Aging to Find Out How We Can Help Seniors With Financial Management

At Secure Aging in Bradenton, we transform the weight of the world into a sigh of relief for our senior clients and their concerned family members. The mission of Secure Aging is to protect and preserve our client’s independence and dignity through careful and thoughtful financial and care management. As our clients age, it is their desire to remain independent and age with dignity. Our services protect our clients from talented con artists looking to exploit and deplete the financial resources of our vulnerable seniors. Secure Aging helps families in Manatee County and Sarasota County and in and around the communities of Anna Maria, Bradenton, Bradenton Beach, Ellenton, Holmes Beach, Lakewood Ranch, Longboat Key, Myakka City, Palmetto, Parrish, and Sarasota. Call us at 941-761-9338, or visit us online at www.secureaging.com.

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