Pay Less Retirement Taxes - AARP

AARP BULLETIN | on Fri, Mar 10, 12:00 AM

Of course, everyone's tax situation is different, but here are some tax issues you may encounter and ways to lessen their impact. Deductions may disappear If your children are grown and your house is paid off, you'll no longer get tax breaks for dependents or mortgage interest. And you'll no longer be able to get a tax break for contributing to a 401(k) or IRA, Slott says. Your deductions for charitable contributions may decline, too, as many retirees tend to volunteer more than donate. And s...

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