Caregivers Escondido Tax 2014

Caregivers near Escondido Talk Taxes

Find Out About Senior Tax Issues from Caregivers near Escondido

With W-2s sent out, tax forms laid out at the local library, and an April 15 deadline just over the horizon, tax season is in full swing. If you care for an elderly family member, you may have even more paperwork and calculating to take care of than most of us. Caregivers near Escondido would like to let you know about some California-specific tax issues that affect seniors.

California: Tough on Seniors

If you have been surprised at the amount of tax money that your senior loved one owes, there’s a good reason: California is ranked among the ten least senior-friendly states when it comes to taxes. While most states grant numerous tax breaks to retirees, California offers hardly any—except for an exemption on Social Security benefits. Someone who retires early, in fact, pays extra taxes in the form of a penalty. Researchers have noted that many seniors move to nearby Arizona or New Mexico before retiring, in order to avoid California’s high taxes.

Other Tax Factors

Income tax isn’t the only kind of tax that affects seniors. Property tax is a major concern, and another area in which California doesn’t offer any kind of break to the elderly. Seniors do, however, have one positive feature to thank the state for: with no inheritance/estate tax, they can rest assured that their family members will receive the full benefit of their legacy.

Caregivers in San Diego County Ease the Financial Burden

High taxes on seniors in California can be discouraging, and might well prompt family members to seek ways to save money in other areas. If you are considering moving your loved one to a long-term care facility, you may want to consider instead the more affordable option of hiring caregivers. In San Diego County, these professionals can help seniors stay healthy and safe in their own homes with up to 24-hour care.

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Tim Colling

Tim Colling is the founder and President of A Servant's Heart In-Home Care, which provided in-home caregiving services in San Diego County, and also of A Servant's Heart Geriatric Care Management, which provided
professional geriatric care management services and long term care placement services in San Diego County. Tim has more than 30 years of experience in management in a variety of industries. He held a Certified Care Manager credential from the National Academy of Certified Care Managers. Tim is also a Certified Public Accountant (retired), and received his Bachelor’s Degree in Accounting from California State University at San Diego. In addition to writing blog posts here for the Servant’s Heart blog, Tim also is a regular contributor to HealthLine.com and to FamilyAffaires.com as well as blogs of other eldercare services provider companies. Finally, Tim is also the president of A Servant's Heart Web Design and Marketing, which provides home care marketing as well as website design and online marketing for those who serve the elderly and their families.

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