Tax Breaks for People Over 50

Tax Breaks for People Over 50
From the desk of Rio Vista Realtor Ralene Nelson: Just thought I would share these tax breaks for all of you boomers out there. Growing older qualifies you for a variety of tax perks that aren’t available to younger workers. After age 50, and especially at age 65, you can qualify for extra tax breaks. Older people get a bigger standard deduction, and they can earn more before they have to file a tax return at all. Workers over 50 can also defer or av...