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Saving Advice
Saving Advice
Lifestyle
Teri Monroe

7 Common Payroll or Tax Errors Seniors Make and How to Fix Them

senior tax mistakes
Image Source: Shutterstock

Taxes don’t get simpler after retirement—they just change shape. Between pensions, Social Security, part-time income, and required withdrawals, even small missteps can create major headaches. Older taxpayers are among the most likely to make filing mistakes that lead to penalties or lost refunds. Whether you’re still working part-time or fully retired, avoiding these seven common payroll and tax errors can keep your finances organized—and your stress levels low.

1. Withholding Too Little (or Too Much) from Retirement Income

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