Income Taxes 62+

THE CARDINAL GUIDE TO:
Strategizing Income Taxes

 Social Security income is partially taxed depending on your other income.

■ Medicare applies a surcharge to high-income beneficiaries.

■ Long-term care insurance has tax benefits.

 IRAs let you postpone income taxes, but you don’t avoid income taxes altogether.

 Investment income is taxed depending on how it is held.

 There are income taxes even in death.

 Long-term care implications of income taxes: Long-term care costs can be a deductible      medical expense that offsets other income.

 Get professional help with your income tax preparation.

 To learn more on why the above statements are true, or if you have any questions, fill      out the form below!

Useful Documents

2017 Income Tax Planning Chart

Blog Posts 

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