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Secondly, seniors may be eligible for certain tax credits that can help reduce their tax liability. For instance, they may qualify for the Elderly or Disabled Credit if they are over a certain age and have a low income. Additionally, if they are caring for a dependent who is also elderly or disabled, they may be eligible for the Credit for Other Dependents.
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https://www.ascpa.tax/tax-services/do-senior-citizens-have-to-file-taxes/
Secondly, seniors may be eligible for certain tax credits that can help reduce their tax liability. For instance, they may qualify for the Elderly or Disabled Credit if they are over a certain age and have a low income. Additionally, if they are caring for a dependent who is also elderly or disabled, they may be eligible for the Credit for Other Dependents. Read more https://www.ascpa.tax/tax-services/do-senior-citizens-have-to-file-taxes/
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Do senior citizens have to file taxes?
If seniors file taxes, they must be aware of taxations on social security benefits and exemptions to maximize their savings.
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