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Retirees' Tax Benefits

This is a news story, published by Yahoo Finance, that relates primarily to IRS news.

personal finance & financial education news

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employment taxes

GOBankingRates

GOBankingRates

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Business

Business & Economics

4 Tax Perks Only Available to Retirees — and How To Claim Them

GOBankingRates

Summary

Nutrition label

75% Informative

The IRS offers an extra standard deduction once you turn 65 to reduce how much of your income is taxed.

You or your spouse can still put money in an IRA even if you’re retired.

If you donate to a qualifying charity or nonprofit, you may be able to lower the tax you owe.

VR Score

70

Informative language

65

Neutral language

50

Article tone

informal

Language

English

Language complexity

32

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

External references

7

https://www.gobankingrates.com/retirement/social-security/trump-wants-to-eliminate-social-security-taxes-how-much-average-retiree-would-save/?hyperlink_type=manual&utm_term=related_link_1&utm_campaign=1302105&utm_source=yahoo.com&utm_content=2&utm_medium=rss https://www.gobankingrates.com/taxes/tax-laws/tax-loopholes-the-rich-use-to-pay-less-and-build-more-wealth/?hyperlink_type=manual&utm_term=incontent_link_2&utm_campaign=1302105&utm_source=yahoo.com&utm_content=3&utm_medium=rss https://www.irs.gov/taxtopics/tc551 https://www.irs.gov/newsroom/give-more-tax-free-eligible-ira-owners-can-donate-up-to-105000-to-charity-in-2024 https://www.gobankingrates.com/retirement/planning/fastest-ways-to-save-for-retirement/?hyperlink_type=manual&utm_term=incontent_link_1&utm_campaign=1302105&utm_source=yahoo.com&utm_content=1&utm_medium=rss https://www.gobankingrates.com/taxes/benefits-to-filing-taxes-early-for-retirees/?hyperlink_type=manual&utm_term=incontent_link_3&utm_campaign=1302105&utm_source=yahoo.com&utm_content=4&utm_medium=rss https://www.gobankingrates.com/retirement/planning/states-with-low-taxes-and-low-cost-of-living-states-retirees-should-target/?hyperlink_type=manual&utm_term=related_link_2&utm_campaign=1302105&utm_source=yahoo.com&utm_content=5&utm_medium=rss

Source diversity

2

www.gobankingrates.com www.irs.gov

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