Shorewood IL Real Estate Tax Help for Seniors

Jim Zilinsky of Zilinsky Financial Services will give a presentation on taxes and how they relate to seniors at 6:30 p.m. Monday, March 30, at The Timbers of Shorewood, 1100 N. River Road, Shorewood. Zilinsky will discuss deductions for seniors, charitable contributions, how Social Security is taxed, and how the 7-1/2% adjusted gross income works with medical deductions.

Seniors face very different tax issues than younger people as there are several senior tax issues that only apply to people age 60+, such as: annuities benefits, long-term care and social security benefits.

Zilinsky Financial Services (ZFS) provides assistance in the planning of company, as well as individual, overall financial affairs. ZFS serves as an adviser to provide current and accurate information in the areas of life and health insurance, long term care and retirement planning.

The Timbers of Shorewood is a rental retirement community which provides independent and assisted living apartments as well as a full schedule of activities and services. Furnished apartments are also available for a short-term stay - a weekend, a week, a month or longer.

The event is free and open to the public. For more information call Judy Malin at 815-609-0669 or visit http://www.timbers-shorewood.com.

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SIDEBAR

Free tax counseling for the elderly

 Tax Counseling for the Elderly Program (TCE) offers free tax help to individuals who are aged 60 or older. Trained volunteers from non-profit organizations provide free tax counseling and basic income tax return preparation for senior citizens. Volunteers who provide tax counseling are often retired individuals associated with non-profit organizations that receive grants from the IRS.

 As part of the IRS-sponsored TCE Program, AARP offers a Tax-Aide counseling program at more than 7,000 sites nationwide during the filing season. Trained and certified AARP Tax-Aide volunteer counselors help people of low-to-middle income with special attention to those aged 60 and older.

 For more information on TCE, call 1-800-829-1040. To locate the nearest AARP Tax-Aide site, call 1-888-227-7669.

Call LaNita Cates at 630-341-1545 for your home buying and home selling needs or visit www.lanitacates.com