Do I need to file a tax return for the Senior Freeze?
Today 5:30 AM
Q. I didn’t qualify for Senior Freeze in the 2018 to 2019 years because my taxes didn’t go up, but they skyrocketed in 2020. I meet all the requirements for the Freeze except I didn’t file state or federal tax returns in 2019 because I didn’t make the minimum required to file. Should I file a 2019 return before filing for the 2020 Senior Freeze? Senior
A. The Senior Freeze is a benefit that is available for those age 65 or older or residents who are receiving federal Social Security Disability benefit payments as of Dec. 31, 2019.
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How can we get the biggest benefits from Social Security?
Today 5:30 AM
Q. My question is about maximizing Social Security spousal benefits. Neither of us has claimed yet. At full retirement age, my benefit was $2,860 per month and my spouse’s will be $695 per month. I was born in December 1954 and my wife in November 1955. I will claim my benefit at age 69, three years after full retirement age. Can my wife claim 50% of my benefit? And if she claims her benefits before her full retirement age, will her amount from my benefit be reduced forever? Strategizing
Finding the most lucrative strategy to claim benefits can be very confusing.
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We moved. Do we qualify for the Senior Freeze?
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Q. My husband and I, both over 65, recently sold our primary residence of 40 years. We then moved into our second home at the Jersey Shore, which then became our primary residence. Since retiring, our income qualifies us for the Senior Freeze, but does the fact that we have only lived in this home full-time for several months disqualify us? Moving
But unfortunately, you’re correct. You’re not eligible for the Senior Freeze yet.
The Senior Freeze is a benefit that is available for those age 65 or older or residents who are receiving federal Social Security Disability benefit payments as of Dec. 31, 2019, said Claudia Mott, a certified financial planner with Epona Financial Solutions in Basking Ridge.