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  2. Tax breaks after 50 you might not know about - AOL

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    Even states that are known for relatively high taxes like New York State will reduce your property tax by as much as 50% if you’re over 65. You must have an income that’s below the maximum set ...

  3. 20 valuable small-business tax deductions - AOL

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    For 2023 taxes, you can deduct 65.5 cents per mile. For 2024 taxes, you can deduct 67 cents per mile. If you have only one vehicle and use it for both personal and business needs, you need to ...

  4. 8 Tax Strategies Boomers Need To Know - AOL

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    Here are eight tax strategies boomers need to know. Opt for Tax-Efficient Investments. Alec Kellzi, a certified public accountant at IRS Extension On, said to invest in “tax-efficient” assets ...

  5. Mortgages for seniors: Getting a home loan in retirement - AOL

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    If you’re still working — and many seniors are, according to the recent Bankrate Retirement Savings Survey — that includes paystubs, W-2s and tax returns. If you’re retired, it might include:

  6. ‘Millions of Americans are retiring with no savings ... - AOL

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    While just a small fraction of low-income Americans — who earn a median yearly salary of $19,000 — reported having some retirement savings to fall back on in 2019, a whopping 90% of high ...

  7. ‘No one in the US should be retiring at 65’: Ben ... - AOL

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    For example, max out any tax-advantaged accounts, like 401(k)s and IRAs, and take advantage of employer matching. If you’re self-employed, you still have options, such as the solo 401(k) and SEP ...

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