5 Bills You Legally Stop Paying After 65 — Most Pay Them Anyway, Not Knowing

Born before nineteen sixty one? You stopped owing a stack of bills the day you turned sixty five — and you probably paid every one of them again this year. Turning sixty five did not just hand you Medicare. It moved you into a different class of taxpayer, and the federal government, your state and your county are all required by law to treat you differently now. Not one of them is paid to tell you so. This is education, not tax or legal advice. The rules and the income lines are set where you live and they move. In this video: 00:00 What changed at sixty five, and the one form nobody mails you 01:25 #1 Your property tax — three breaks stacked, and the county deadline 04:10 #2 Your Medicare Part B premium — the three income lines, exact 07:00 #3 The tax on your own Social Security, and the fifteen percent that never is 09:15 #4 The six thousand dollar deduction that did not exist two years ago 11:00 #5 Your phone, your internet and your heat — and the yearly step that ends them 12:00 The thread, the limits, and the five in order THINGS TO ASK ABOUT / OFFICIAL LINKS: • Medicare Savings Programs, what each level pays — https://www.medicare.gov/basics/costs/help/medicare-savings-programs • Lifeline, the phone and internet discount — https://www.lifelinesupport.org • Energy assistance, find your state office — https://www.acf.hhs.gov/ocs/programs/liheap • IRS, the standard deduction and the senior amounts — https://www.irs.gov/credits-deductions-for-individuals • IRS Publication 915, how benefits are taxed — https://www.irs.gov/forms-pubs/about-publication-915 • Free help for people over sixty, Eldercare Locator — https://eldercare.acl.gov If one of your parents is over sixty five and has never filed a single one of these, do not send them this. Sit beside them with last year's tax bill and start with the county. #SeniorFinance #PropertyTax #MedicarePartB #Seniors65 #BillsAfter65