How ready are you for tax season this year? It’s a very important time of year for seniors, caregivers and their loved ones. However, tax season can be a stressful time for many Americans, including seniors. Unexpected financial troubles might pop up. You might end up owing the government money. And for many seniors, there is also the lingering fear of fraud or identity theft.
How can you protect yourself? If you are a caregiver, how can you protect your loved one(s)?
Being prepared for tax season is key to reducing hassles and worries. Here are some tips for managing the tax filing process and any stressful money moments as they pop up:
Know when to file (or not file)
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