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3 Steps Every Retiree Should Take in April Before Tax Deadline

Apr 07, 2026 09:06 UTC
Short term

Key PointsClaiming the new "senior bonus" is a no-brainer for retirees..

  • Tax planning for retirees
  • Claiming a 'senior bonus'

April 07, 2026 — 05:06 am EDT Written byKeith SpeightsforThe Motley Fool-> Claiming the new "senior bonus" is a no-brainer for retirees. This added deduction could be used in a tax-neutral Roth IRA conversion. Retirees should also reevaluate whether or not itemizing deductions is financially advantageous. The clock is ticking to file your federal income taxes. Surveys have found that between one-fourth and one-third of Americans wait until almost the last minute to file. If you're in that group and are a retiree, you still have time to take advantage of ways to optimize how much money you keep

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