Tax Planning for Seniors 2024
4.00 Credits
Member Price $159
Non-Member Price $209
Overview
Seniors face issues that complicate return preparation and planning. For example, when should they apply for social security? How is it taxed? What if they continue to work? Will an increased standard deduction affect charitable planning? What about downsizing? How can they help children or grandchildren pay for a home or a college education? This course will help you advise your clients on these topics and more.
Highlights
- Income for seniors: retirement, earnings and investments
- Tax Deductions: planning, bunching, strategies
- Planning to help family members
Prerequisites
Experience in individual tax preparation and planning. General knowledge of social security and other retirement vehicles.
Designed For
Staff at all levels focused on planning and financial planners recommending retirement strategies.
Objectives
- Recognize the tax planning changes affecting Seniors
- Determine how retirement distribution requirements can impact the overall retirement strategy
- Identify alternatives to achieve family objectives
Preparation
None
Leader(s):
Leader Bios
Mary Kay Foss
Mary Kay Foss, CPA, joined Sweeney Kovar as a director in 2010. She has more than thirty years of practical experience in advising clients about retirement, income and estate planning issues. She is a frequent lecturer for community, professional and business groups and has authored and presented courses for tax professionals throughout California.
Non-Member Price $209
Member Price $159