Retirees may have complicated returns if they have multiple sources of income. The good news is resources are available to help, and in some cases they're free.
Seniors may also seek help from other tax professionals this year to meet the April 18 deadline to file their federal returns.
The program works in collaboration with the IRS' Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs, which provide free basic tax return preparations to individuals who qualify. To be sure, not all filers — such as those who have rental income from property they own or, in most locations, active duty military members — may qualify for the Tax-Aide program, according to Lee-Villanueva.Before seniors seek free tax assistance or hire a tax professional to help them with their returns, there are a few things they should know, according to O'Saben.
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