As people age, there are often more tax and legal considerations to discuss. For instance, there are senior credits and deductions that may or may not apply. Examples of these deductions include:
In addition to tax deductions and credits, it is important to plan for the future. Too often, planning for declining health and cognitive abilities is neglected and when in a crisis, a family’s only recourse is through a court of law. To prevent this, our tax firm can refer clients to knowledgeable attorneys who can address issues such as preparing wills, assigning powers of attorney, and creating trusts. Working together with the chosen attorney, Cityline Tax provides a special service to our aging clients, or to clients with family members who need assistance with their daily financial tasks. These tax services include:
Getting older or dealing with aging family members is not always easy; our tax professionals will do their part to ensure that the senior years run as smoothly as possible. Call us today at 347.295.1067 to discuss how our elder care tax services can benefit you and your family.