elder finances

Tips for Helping Seniors With Their Taxes  

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When tax season rolls around, it can be a particularly anxious time for many seniors, and this is true for several reasons. First of all, any income received is often not via employment, so the tax model they were subject to for most of their lives will have changed. Then too, the tax laws themselves change fairly often, and it’s hard for anyone to keep abreast of the impact they have on preparing taxes.

Seniors are also one of the favored targets of identity theft criminals, and tax filing time amounts to open season on seniors for such criminal opportunists. Your AZ home health caregivers recommend taking advantage of the cautions and the available assistance described below for your senior loved one, to help get them through this particularly worrisome time of year.

Avoiding Tax Scams and Frauds

One of the ways that MD home health caregivers can help their senior charges avoid falling into the trap of tax scams and frauds which are so prevalent at this time of year is to help seniors observe some of the following precautions:

  • Document storage – all personal documents should be stored throughout the year in a secure place, out of the sight of visitors and secure against intruders. For instance, all credit card statements, financial statements, Medicare documents, and any kind of insurance documents should be safely stored somewhere.
  • Be cautious on phone calls – no personal data should ever be revealed during a phone conversation, even if the caller threatens dire circumstances. In fact, this is one of the most common ruses devised by tax fraud scammers, often who claim to represent the IRS and ask for personal data.
  • Be careful about paid tax preparers – it’s fairly common for tax fraud specialists to setup a booth at a mall, claiming to be a paid tax preparer, only to disappear after having defrauded clients of filing fees. Do some research on anyone you might be considering as a paid tax specialist.
  • Destroy obsolete documents – when important personal documents have outlived their usefulness, shred them so they can’t be re-assembled and used by criminals.

 

Helpful Resources

There are some helpful resources you can take advantage of, as they offer tax preparation services which are either free of charge, or setup to accommodate very low income households:

      • Local options – most communities have local nonprofit organizations which offer free tax services to elderly adults, for example agencies on aging, local libraries, and senior centers
      • AARP Foundation Tax Aide – this organization provides tax assistance service for low income adults, and it has the built-in advantage of being familiar to most seniors already
      • Tax Counseling for the Elderly (TCE) – the IRS itself sponsors this program, aimed specifically at adults aged 60+. In-person assistance is offered by certified volunteers on a personal basis.


Phoenix Home Health and Tax Assistance

It might not seem like it, but part of Phoenix health care, and for that matter all of Arizona health care, includes providing some kind of assistance to seniors who need help at tax time. Without that AZ health care and assistance, tax time could be a lot more stressful for the elderly, because of the huge potential for confusion associated with the process. Help put your elderly loved one’s mind at ease by following some of the recommendations discussed above.

Taking care of an aging parent or loved one can be a stressful experience. But you do not have to endure it alone. We take senior health care very seriously, and as one of the top home health care companies in Phoenix, you can rely on our expertise and professionalism for your health care needs. Contact us today to learn more.