Seniors 65+: 5 Bills You No Longer Have to Pay, Most Keep Paying Anyway

https://kevinexplains.shop/ Once you turn 65, the law says you no longer have to pay five bills in full, and not one of the offices that collects them is required to tell you. Several of the numbers going around are already out of date. Texas raised its exemptions last November, Florida's senior exemption has an income limit most lists leave out, the Medicare premium everybody quotes is last year's, and the list of states that tax Social Security shrank again in January. This video gives you the current 2026 numbers for every bill, tells you which ones are age only and which are income tested, and explains the two year clock on the house that every surviving spouse needs to know about. What You'll Learn: The three federal deductions for people 65 and older, and why itemizers still get the new $6,000 Whether you need to file a tax return at all Texas's new $140,000 and $60,000 exemptions, and how to claim up to two years back The Florida senior exemption income limit almost nobody mentions The 2026 income limits for help paying your $202.90 Medicare Part B premium The 8 states that still tax Social Security, and the state pension exclusions most people miss The two year rule that decides whether a surviving spouse pays tax on selling the house Car insurance, phone, heating and bank discounts you have to ask for Three ways people lose these benefits after they already have them Questions about your own situation, or business and collaboration inquiries: [email protected] CHAPTERS 0:00 Introduction 1:05 The Two Year Clock Preview 2:06 Age Only or Income Tested 2:30 Bill 1: Federal Income Tax 3:21 The Three Deductions Stacked 4:14 Itemizers Still Get the $6,000 4:43 Do You Even Need to File 5:34 Bill 2: Property Tax 6:07 Texas: The New $140,000 and $60,000 6:48 Texas Late Filing Refunds 7:07 Verna's Story 8:39 Florida: The Income Test Most Lists Miss 9:44 Freezes, Credits and Deferrals 10:16 The One Call for Property Tax 10:56 Bill 3: Your Medicare Part B Premium 11:20 2026 Income Limits for Help 12:18 States With No Asset Test 12:43 Extra Help and the $2,100 Drug Cap 13:49 Bill 4: State Tax on Social Security 14:32 State Pension and IRA Exclusions 15:18 The Two Year Clock on the House 16:41 Royce's Story 18:24 What Widows Should Do Now 18:44 Bill 5: The Small Monthly Bills 18:54 Car Insurance Discount 19:36 Phone, Internet and the Program That Ended 20:11 Heating Help Before It Runs Out 21:02 Renters Get Property Tax Back Too 21:40 Appealing Your Assessment 22:37 Three Ways People Lose These Benefits 24:04 Zero Percent Capital Gains 25:31 Undo a Social Security Claim 26:09 Survivor Benefits and IRA Charity Gifts 27:07 Free Tax Help 27:33 Your Five Line Sheet 28:55 My Take This video is for general education only and is not tax, legal, insurance, or financial advice. Kevin is not a financial adviser, tax preparer, or lawyer. Exemptions, income limits, and program rules vary by state and county and change over time, so confirm current figures with your county assessor, your state SHIP office, or a qualified professional before acting. Figures reflect information available in October 2026. Names used in this video (Verna, Royce) are illustrative composites, not real individuals. Verified Sources: IRS: 2026 standard deduction and additional amount for age 65 and older IRS: Senior deduction under the One Big Beautiful Bill Act Texas Comptroller: Propositions 11 and 13, homestead exemption increases, and Tax Code 11.431 late applications Florida Department of Revenue: Additional homestead exemptions for persons 65 and older CMS: 2026 Medicare Part B premium and Medicare Savings Program income limits Medicare: Part D out of pocket cap and Medicare Prescription Payment Plan State tax agencies: States that tax Social Security in 2026 IRS Publication 523: Selling Your Home, surviving spouse rules CNBC and Bankrate: Mature driver insurance discounts HHS and American Public Power Association: LIHEAP fiscal year 2026 funding SSA: Form SSA-521, withdrawal of application #Seniors #Over65 #PropertyTax #Medicare #SocialSecurity #SeniorDeduction #Retirement #TaxTips