Easy Seniors Club
  • Editorial Policy
  • Advertiser Disclosure
  • Frequently Asked Questions
  • Disclaimer
  • Home
  • Expert Advice
  • Saving and Spending
  • Taxes
  • Family Finance
  • Real Estate
  • Employment
  • Business
  • Banking
  • Health
  • Technology
Home›Taxes›Top 7 Often-Overlooked Tax Deductions for Retirees

Top 7 Often-Overlooked Tax Deductions for Retirees

By Our Editorial Team  |  Published October 25, 2022

Expert Verified

Our editorial team verifies all financial and lifestyle information for accuracy and relevance to senior living.

tax deductions free
Photo by KucherAV from Shutterstock

2. Spousal IRA Contribution

Retiring doesn’t necessarily mean that you can’t contribute to an IRA. In most cases, you must have earned income to make contributions to an IRA. However, if you’re married and your spouse is still in the workforce, she or he may contribute up to $7,000 per year to an IRA that you own.

As long as your spouse can afford to fund the contribution to your investment account, this tax shelter remains available to you. However, there is one thing you should keep in mind.

Under the spousal IRA rules, the total combined contributions cannot exceed $13,000 per year if only one of you is 50 or older, or $14,000 if you both are 50 or older.

Pages: 1 2 3 4 5 6 7 8

11 responses to “Top 7 Often-Overlooked Tax Deductions for Retirees”

  1. Charlene W Coleman says:
    January 6, 2023 at 2:29 pm

    False pretense.

    Reply
  2. Dee says:
    February 16, 2023 at 12:47 pm

    Where in Cleveland Ohio can I get a reasonable deal on an older SUV?

    Reply
  3. Joseph McMillan says:
    February 16, 2023 at 7:50 pm

    What type of exercise do you recommend.

    Reply
  4. Kathy Weber says:
    February 17, 2023 at 3:35 pm

    Hello,
    I am retired. I am helping my disabled son I have a driver license but I have no car because cannot afford a car. My only income is Social Security and $300 for food stamps. For my son and myself. Housing is my biggest issue we live in a unit with a attached garage, It was a dog house. I need to know how I can save money make money.

    Reply
    • janice williams says:
      June 28, 2023 at 11:36 pm

      Kathy can you be a caregiver for seniors? there is a huge need out there for honest and compassionate people to help seniors in their homes. some CNA courses are consolidated and affordable you might not even need one for domestic chores maybe work 4 hours per day so you don’t get worn out?

      Reply
      • JCAT says:
        February 13, 2024 at 6:00 pm

        IN CALIFORNIA THEY PAY PARENTS TO BE THE CAREGIVER!

        Reply
  5. Charles Singleton says:
    February 17, 2023 at 10:49 pm

    That’s me

    Reply
  6. William Russell says:
    June 22, 2023 at 9:52 pm

    You should have the story on one page not 15000!!!!

    Reply
  7. William L Milam says:
    November 14, 2023 at 11:13 pm

    I am now 65 and the government has done so much wrong i can not even begin to think about retirement. This is so sad. Looked forward to the day with pride my whole life. Began working in the fields with my dad when I was a kid. First real job 15. Been working my ass off for 50 years. The politicians don’t care. They have it made by taking our money.

    Reply
    • Peggy says:
      February 13, 2024 at 4:29 pm

      I am truly sorry William & I get it. I’m a retired school bus drover. Retired only because I had literally broke my back, I didn’t make it retirement age. I have a son that’s on the autistic spectrum whose father he never met. He was a Vietnam vet, who came home physically, not mentally. He was hit & killed by kids drag racing.
      This government never gave him or his son the SS or VA benefits they were entitled to. Worked my fingers to the bone. I finally won the SS benefits where 3 lawyers couldn’t (my son was just a number), VA I’m still working on. I just don’t have another 32 years to fight. That’s how long it took to win. Absolutely ridiculous. But let an illegal come in & they get free everything & yet my son lost his dad in a war we had no business in. Go figure, right! I get it. You take care. God gives what we need. Been there, he does come through.

      Reply
  8. Dennis Jones says:
    February 18, 2024 at 12:13 am

    i am retired and receive ss but what i want to know can i file on my interest i have gained thanks

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Most Popular

  • Aldi Store
    15 Aldi Shopping Tips From Super Savers That You Have to Try January 22, 2021
  • florida
    Planning to Retire in Florida? Here Are 10 Places to Avoid! March 3, 2023
  • trump, Social Security in 2025, Trump's inauguration
    Social Security in 2026: 6 Major Shifts That Could Affect Your Benefits November 19, 2024

Top Picks

  • A smiling senior man in a blue shirt inspects a peach at an outdoor market stall in a sunny historic town square.
    10 Retirement Towns With Historic Charm October 8, 2026
  • Watercolor illustration of a woman walking toward a fork in a stone path with signs marked 60 and FRA 100%.
    8 Mistakes That Shrink Survivor Benefits October 8, 2026
  • Man checking a clipboard next to insulated delivery bags inside the open trunk of a silver car parked in a driveway.
    10 Ways to Earn Money Using a Car October 7, 2026

Quick Links

  • Expert Advice
  • Saving and Spending
  • Real Estate
  • Taxes
  • Family Finance

Newsletter

Get the latest posts delivered to your inbox.

Related Articles

Ink and watercolor illustration of a desk with a US map, reading glasses, and a notebook discussing retirement taxes.

Retiring in a High-Tax State vs a No-Tax State: Key Differences

Compare high-tax and no-income-tax states for retirement. Learn how income taxes, property rates, sales tax,…

Read More →
inflation

12 Things You Can’t Deduct From Your Taxes

3. Personal dispensation You’re not able to deduct expenses for yourself, your partner, or any…

Read More →
Trump, Trump's inauguration tariff 401(K)

5 Ways Trump Presidency Could Change Retirement in America

Lower interest rates If Trump is able to influence the Fed to cut rates further,…

Read More →
cola in 2024

COLA in 2024: Will the Benefit Increase This Year?

2. What should you know if you are not yet retired about COLA in 2024?…

Read More →

10 Worst States to Retire In if You Want to Save Money on Taxes

A man in a modern living room uses his tablet to map out smart strategies…

Read More →

Medicare Taxes and Retirement: 8 Things You Need to Know

A smiling woman reads a book at her sunlit table, enjoying the peaceful retirement lifestyle…

Read More →
pink tax, Tax Withholding

Rules for Tax Withholding on Distributions from Retirement Plans

Nonperiodic Distributions Nonperiodic distributions are one-time, lump-sum payments that are made from an employee retirement…

Read More →
An older couple sitting at a wooden kitchen table, looking over a map and planning their retirement finances in warm morning light.

The Retirement Towns With the Lowest Combined Tax Burden in 2026 – Full List

Discover the U.S. retirement towns with the lowest combined tax burdens in 2026, featuring up-to-date…

Read More →
Senior couple reviewing tax forms and retirement portfolio statements at a dining table with a calculator and budget notebook.

11 Things That Change About Your Taxes the Year You Retire

Discover 11 critical tax changes that happen the year you retire, from Medicare IRMAA surcharges…

Read More →

Stay Informed & Empowered

Get our weekly digest of financial tips, retirement updates, and expert advice for seniors delivered directly to your inbox.

Easy Seniors Club

At Easy Seniors Club, life starts at retirement!

Inedit Agency S.R.L.
Bucharest, Romania

contact@easyseniorsclub.com

Explore

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Banking
  • Business
  • Employment
  • Expert Advice
  • Family Finance
  • Health
  • Real Estate
  • Saving and Spending
  • Taxes
  • Technology

© 2026 Easy Seniors Club. All rights reserved.