Tax Concerns for Seniors

This course offers an in-depth exploration of the specific tax issues and planning strategies pertinent to senior clients. Directed by Mary Kay Foss, CPA, it delves into the complexities seniors face in tax planning and preparation, particularly in the context of supporting family objectives and managing personal financial concerns. The course covers a wide range of topics, including the onset of Social Security benefits, retirement distribution requirements, and unique income and deduction considerations for seniors.

Participants will gain insights into the timing and taxability of Social Security benefits, understand how retirement distributions can impact a senior’s financial strategy, and identify key tax considerations important to senior clients. The course also provides guidance on family support objectives, offering alternatives for education funding and home ownership assistance. Equipped with this knowledge, participants will be able to offer comprehensive and specialized tax advice to senior clients, helping them navigate their unique financial landscape effectively and meet both personal and family goals.