Most-Overlooked Tax Breaks for Seniors and Retirees

Unfortunately, seniors over age 65 often miss tax-saving opportunities that are available to them. Don't let that happen to you.

group of seniors gathered in park
(Image credit: Getty Images)

For retirees over age 65, it's more important than ever to take full advantage of every tax break available. That's especially true if you're on a fixed income. After all, some of you have to stretch out your retirement savings to help cover finances for the rest of your life. But holding on to your money during retirement is easier said than done. That's why retirees, who often miss valuable tax-saving opportunities, need to pay close attention to their tax situation. Learning about common but often overlooked tax breaks for retirees over age 65, can help.

Rocky Mengle
Senior Tax Editor, Kiplinger.com

Rocky was a Senior Tax Editor for Kiplinger from October 2018 to January 2023. He has more than 20 years of experience covering federal and state tax developments. Before coming to Kiplinger, he worked for Wolters Kluwer Tax & Accounting and Kleinrock Publishing, where he provided breaking news and guidance for CPAs, tax attorneys, and other tax professionals. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. Rocky has a law degree from the University of Connecticut and a B.A. in History from Salisbury University.