Newsletter
Dividing personal possessions without dividing family
Dear Savvy Senior, Do you have any suggestions on divvying up my personal possessions to my kids after I’m gone without causing hard feelings or confl ict? I have a lot of jewelry, art, family heirlooms and antique furniture, and four grown kids that don’t always see eye- to- eye on things.
Do I need to file a tax return?
Dear Savvy Senior, What are the IRS income tax fi ling requirements for retirees this tax season? I didn’t fi le a tax return the past two years because my income was below the fi ling threshold, but I got a part- time job late last year, so I’m wondering if I’m required to fi le this year. Retired Worker Dear Retired, Whether or not you are required to file a federal income tax return this year will depend on how much you earned last year (in 2023), as well as the source of the income, your age and filing status.