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As a senior, you’ve worked hard your entire life. Now, you deserve peace of mind—especially when it comes to taxes. But many people over 65 don’t realize that they may qualify for special IRS tax relief programs designed just for them.
If you’re living on retirement income, Social Security, or a fixed pension, there are options to help lower your tax bill or even settle IRS debt for less than what you owe.
In this guide, we’ll walk you through key benefits for seniors and answer common questions we hear from clients. At Priority Tax Relief, our goal is to help you take back control of your finances—with dignity and confidence.
Tax Breaks Seniors Should Know About
Many seniors qualify for larger standard deductions, tax credits, or programs that protect their income and assets.
🧾 Higher Standard Deduction for Seniors
If you’re 65 or older, the IRS gives you a higher standard deduction. In 2024, seniors filing singly can get an extra $1,850 added to their deduction. Married couples with one or both spouses over 65 can get up to $3,000 more.
✅ Credit for the Elderly or the Disabled
This IRS credit can reduce what you owe in taxes, depending on your income. You must be 65 or older—or permanently disabled—and meet income limits. It’s a simple but powerful way to lower your tax burden.
💸 Social Security & Tax Debt Protection
Did you know that your Social Security can be levied by the IRS if you have back taxes? This can leave you struggling to pay for basic needs. But relief options like the Offer in Compromise (OIC) may help you settle your tax debt and avoid garnishment.
Let’s explore these options with clear answers to some of the most common questions seniors ask.
Frequently Asked Questions: As A Senior, Are You Missing Out on These IRS Breaks?
Do seniors have to pay taxes on Social Security income?
It depends. If Social Security is your only income, it may not be taxable. But if you have other sources of income (like a pension or IRA), some of your benefits may be taxed.
Learn more about income thresholds and senior tax filing here.
What if I can't afford to pay my back taxes?
The IRS offers a program called an Offer in Compromise. This lets qualifying taxpayers settle their debt for less than what they owe. Seniors living on fixed incomes often qualify due to financial hardship.
Can the IRS take my Social Security check?
Yes, but only a portion. The IRS can garnish up to 15% of your monthly Social Security, through the Federal Payment Levy Program (FPLP). If this is happening to you, you have rights—and we can help stop it.
What if I'm retired and can’t pay anything at all?
You may be considered “Currently Not Collectible” (CNC) by the IRS. That means the IRS agrees not to collect from you due to your hardship. This can pause levies and collections.
How do I apply for the Credit for the Elderly or the Disabled?
You’ll need to file Schedule R with your tax return and meet the income limits. If your adjusted gross income is low, this credit can offer big savings.
Are there any IRS scams targeting seniors?
Unfortunately, yes. Scammers often pose as IRS agents demanding payment. The IRS will never call you first or threaten arrest over the phone. If you get a scary call, hang up and report it.
