4 Resources to Save You Money

Tax time tends to look different after you retire.

You might be drawing income from multiple sources: Social Security, stock dividends, a pension, 401(k) withdrawals and even interest from your savings account.

You might need to report earnings from your side hustleproceeds from a home sale or pay taxes on your Social Security benefits.

Thankfully, several programs across the country help older adults file their tax returns for free.

4 Resources to Save Money When You File Taxes

The IRS and AARP Foundation offer in-person and virtual tax preparation and guidance at no cost to you.

Here’s how it works.

1. Tax Counseling for the Elderly (TCE)

The Tax Counseling for the Elderly Programor TCE, provides free basic tax return preparation to people ages 60 and older. The program has been around for 45 years.

The IRS provides funding to various community organizations, such as the United Way, which administer programs at the local level.

Volunteers are trained to assist with retirement-specific tax issues, including questions about pensions, Social Security and required minimum distributions.

You can rest assured your tax return is in good hands: All TCE volunteers who prepare returns are required to undergo and pass tax law training that meets or exceeds IRS standards.

You don’t need to fill out an application to receive help at a TCE site, but most locations require an appointment.

To find the nearest TCE site in your area, call 800-906-9887 or use the VITA/TCE Locator Tool.

2. Volunteer Income Tax Assistance (VITA)

Volunteer Income Tax Assistance, or VITA, from the IRS is another free resource.

It’s similar to TCE, but tax filers of all ages can get assistance through the program.

Anyone can get help through VITA, but priority is given to:

  • People who generally make $60,000 or less
  • People with disabilities
  • Taxpayers who speak limited English

Want to take a more hands-on approach? Several VITA locations give you the option to file your own…

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