Self Study: Tax Planning for Seniors 2022

Overview

This course is available until April 30, 2025.

Seniors face issues that complicate return preparation and planning. When to apply for social security? How is it taxed? What if they continue to work? Will an increased standard deduction affect charitable planning? Will downsizing affect interest and property tax deductions and payments? How to help children or grandchildren pay for a home or a college education?? We’ll explore these questions and more.

Highlights

• Income for seniors: earned and investment
• Deductions: bunching, tracing, minimizing
• Effect of income tax strategies on an estate plan

Objectives

• Recognize the effect of Social Security on retirement.
• Identify strategies for tax-deductible expenditures.
• Determine how retirement distribution requirements can impact the overall retirement strategy.
• Identify alternatives to achieve family objectives.

Notice

Online Self-Study