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bratcow
New Member

I AM WONDERING SINCE I AM A SENIOR DO I GET ANY TAX BREAKS ?

I JUST WENT THREW A DIVORCE I HAD TO PAY 50,000.00 IN LAWYER COSTS AND HAD TO SELL ONE OF MY PROPERTIES TO PAY FOR THE FEES AND DEBTS I HAD TO SETTLE I DONT HAVE HARDLY ANYTHING LEFT BUT MY HOME I NEED TO KNOW IF I AM GOING TO GET ANY DEDUCTIONS CAUSE IM OVER 70 AND CANT AFFORD TO LOSE MORE PLEASE TELL ME WHAT FORMS I NEED AND WAT I CAN DO TO GET DEDUCTIONS OR BREAKS THANK YOU 

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Accepted Solutions
bwa
Alumni
Alumni

I AM WONDERING SINCE I AM A SENIOR DO I GET ANY TAX BREAKS ?

Sorry, but being over 70 myself, I can assure you there are no special deductions.  All people that age get a small break on medical expense deductions, a larger standard deduction and relief from early withdrawal penalties from a tax deferred plan, but I suspect you're looking for something more specific.

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1 Reply
bwa
Alumni
Alumni

I AM WONDERING SINCE I AM A SENIOR DO I GET ANY TAX BREAKS ?

Sorry, but being over 70 myself, I can assure you there are no special deductions.  All people that age get a small break on medical expense deductions, a larger standard deduction and relief from early withdrawal penalties from a tax deferred plan, but I suspect you're looking for something more specific.

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