The Morning Blend


Older Americans Struggling with Filing Their Taxes This Year

Posted at 11:05 AM, Mar 19, 2021
and last updated 2021-03-19 11:05:08-04

For many taxpayers, this is likely to be the most complicated tax season they’ve faced – a tax season like none other, since the personal income tax was established in 1913.
Taxpayers are unclear if their economic stimulus payments are taxable (they’re not), and some are concerned they missed a stimulus payment that was due them (tax time is a good time to claim it).
Older Americans in particular may be struggling this year. Because of COVID, some have lost jobs and face taxes on their unemployment income. Recent widows or widowers may be managing finances on their own for the first time.
The bottom line: COVID has disrupted people’s lives and finances, leaving them with questions and confusion. AARP is stepping up to help demystify this tax season.