Retirees: Here’s How to Pay for 5 Common Expenses and Cut Your Taxes While Doing It

With tax planning still fresh on the minds of many retirees following the tax deadline, here are five tax-savvy ways to pay for expenses throughout the year that could save hundreds or thousands of dollars in taxes.

A retired woman sitting on her couch pays bills from her computer.
(Image credit: Getty Images)

Even though the April 18 income tax deadline has passed, it’s worth exploring how to plan to pay for some common expenses in retirement to receive the most tax benefits, ahead of the next filing deadline in April.

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Chase Mouchet, CFP®, CIMA®
Partner and Wealth Adviser, CI Brightworth

Chase Mouchet, CFP®, CIMA® is a partner and wealth adviser at CI Brightworth, focusing on helping clients prepare for life in retirement through the firm’s Retiring Well practice area.  He is passionate about helping clients simplify their financial lives and maximize the impact of their wealth, particularly through charitable giving.  He received his BBA in Finance and BSFCS in Financial Planning from the University of Georgia.