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Kiplinger
Kiplinger
Business
Kate Schubel

Downsize in Retirement With 2026 Tax Benefits: 3 Key Strategies

Small wooden home among larger wooden homes.

We know that leaving a place you’ve called home for years — maybe decades — is never easy. But if you’ve been eyeing warmer weather or someplace closer to the grandkids, a downsizing move may be right for you.

According to Senior Living, about 51 percent of retirees (aged 50 or older) downsize to cut costs, pursue a simpler lifestyle, or do so for logistical reasons.

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