My Relatives Fell For This New Scam: Be On the Lookout!

February 13, 2018  
Filed under Money, News

By Ismat Mangla

 

I recently learned about a nasty new scam making the rounds while visiting older relatives in Michigan during the holidays. Read more

How To Protect Yourself From Holiday Season Charity Scams

December 18, 2017  
Filed under Aging Parents, Money

By Justin Lavelle
The holiday season is a time for giving and most charities are working double time to get a piece of the donation pie. Unfortunately, the holiday season is also a prime time for scam artists to get to work and separate you from your hard Read more

Four Ways Baby Boomers Can Avoid Going Bust

December 18, 2017  
Filed under Money

On Their Kids’ Student Loan Debt

Crushing student loan debt is usually thought to be the younger generation’s problem. But more and more, with graduates unable to handle it on their own, mountains of student loans are becoming mom and dad’s albatross, as well. Read more

What Collection Agencies Can And Cannot Do

October 19, 2017  
Filed under Money

It can be frustrating and scary to fall behind in payments on your credit card or other accounts. When the calls from collection agencies start, it adds a new level of stress. Don’t panic. Take a deep breath, learn about what collection agencies can and can’t do, and work to resolve your issues. Read more

AARP Vermont Tax-Aide Program Seeks New Volunteers

September 21, 2017  
Filed under Money, News

Training Scheduled for Oct. 23-24

 

BURLINGTON, VT, September 20, 2017– You could help your neighbors and

members of your community in Chittenden, Addison and Franklin Counties with

their tax returns …all it takes is a commitment and some training. Each year from

the first of February through mid April, AARP Tax-Aide volunteers help prepare

federal and state tax returns for low and middle income taxpayers with special

attention to those 60 and older. AARP Tax-Aide, the nation’s largest free

volunteer-run tax counseling and preparation service, is seeking volunteers to

assist in tax preparation. Volunteers of all backgrounds are welcome and some

computer skills are an extra bonus. You do not need to be an AARP member nor a retiree.

No prior experience in tax preparation is necessary and volunteers of all ages are welcome.

Volunteers are needed not only to calculate taxes, but to greet taxpayers to keep the site

running smoothly. Tax counselors receive free tax training and become IRS certified by passing the

IRS exam. They help residents one-on-one at tax sites in their own communities

across Vermont. It’s a great way to meet new people, learn new skills and help

others in your community.

 

You’re invited ….

A special information and introductory training session is scheduled for October

23-23, 2017 at the AARP Offices at 199 Main Street, Suite 225 in Burlington.

Participants will learn how to use computers to prepare federal and state tax

returns. Sessions will run from 9:30 AM to 3:30 PM. To register or for more

information, please email Dominic Di Cicco at domdi@yahoo.com or call 802-

878-8091. Or, for more information on how you can join the AARP Tax-Aide

Program, you can also visit our web site at www.aarp.org/money/taxaide/. To

register as a volunteer for AARP-Tax Aide you can start and register on-line at

www.aarp.org/apps/Volunteer_with_AARP_Tax_Aide/.

 

Tax-Aide volunteers are asked to give a minimum commitment of at least one four-hour

shift per week from February 1 through April 15 at a site close to home.

Nationwide, more than 35,000 Tax Aide volunteers serve about 2.6 million

taxpayers annually. Last year in Vermont, some 170 AARP Tax-Aide volunteers

helped more than 6,300 Vermont taxpayers at sites across the state.

The AARP Tax-Aide program is a wonderful resource for the American taxpayer.

AARP Tax-Aide volunteers get a great deal of satisfaction from helping people

deal with the challenges of preparing their tax forms. If you want to help yourself

and others with their tax returns, this is the program for you.

Keeping Seniors’ Money Safe

July 24, 2017  
Filed under Money

Tori and Wanda in the truck CMYK By Victoria Lloyd

Did you know people over 50 years old hold 70 percent of our nation’s wealth? This wealth represents the hard work and savings of the baby boomers. It also provides the unscrupulous with an opportunity to part you or your parents from their wealth. Financial exploitation is a significant problem, with recent estimates indicating that seniors nationwide are losing more than $36 billion each year to this crime. Read more

Bank or Credit Union: Which is Right for You?

May 15, 2017  
Filed under Money

Two piggy banks with euro coins on whiteBy Teresa Iqbal

With ever-increasing examples of corruption associated with corporate-minded leaders who run large banks, many are on the hunt for a new way to bank.  Read more

Age Well Highlights Limited-Time Opportunity

April 26, 2017  
Filed under Money

For Equitable Relief to Eligible Medicare Beneficiaries

 

April 10, 2017 (Essex Junction, VT) – Age Well’s State Health Insurance Assistance Program highlights a limited-time opportunity for eligible Medicare Beneficiaries. The Centers for Medicare and Medicaid Services (CMS) is currently offering equitable relief to individuals who did not receive the necessary information about Medicare and Vermont Health Connect. This relief would allow beneficiaries to reinstate Medicare Part B medical coverage or relieve their Medicare Part B late penalty in certain circumstances.

Read more

2017 Tax Filing Season Underway-Fraud Prevention a Focus

February 1, 2017  
Filed under Money, News

Last week, the Vermont Department of Taxes and the IRS began accepting tax returns for the 2016 tax year and there are a few changes the department would like taxpayers to know about.

 

The department continues to experience a rise in attempted tax refund fraud, an alarming trend that mirrors what is happening in other states and at the federal level. State revenue departments and the IRS are implementing procedures to help protect the taxpayer’s money. Vermont taxpayers will be asked to provide a Vermont driver’s license or state-issued identification card number when filing. If the information is not provided and the department cannot verify your identity, this may delay the processing of a refund.

 

In limited circumstances, the department will require identity confirmation before sending a refund, and will send verification letters to the physical address listed on the tax return. This letter will provide instructions on how to verify return information to complete the processing of a refund. To complete this request, taxpayers will not be asked to enter a social security number. Submitting the requested information over the phone or at www.myVTax.vermont.gov will verify the refund request and allow the department to proceed with processing the refund.

 

“One of the most concerning frauds we see is the filing of false tax returns in order to generate a refund. We have controls in place to identify suspicious refund requests and in some cases the department will need to take additional steps to ensure that the refunds we issue are going to the right person.  We ask that taxpayers work with us as we balance the goals of customer service, speedy refunds and fraud prevention.  Providing your Vermont Driver’s license number and responding to verification letters helps protect your refund and prevent fraud” says Commissioner Kaj Samsom.

 

The most efficient and secure way to file Vermont tax returns continues to be electronic filing and direct deposit to an existing bank account is the fastest way to receive a refund. Taxpayers who are eligible for free online filing will find more information about Free File, on the department’s website at www.tax.vermont.gov. Taxpayers who e-file generally receive their refunds more quickly than those who file paper returns.

 

New Online Services

The department has launched myVTax, a new IT system to modernize tax processing for all Vermonters. Taxpayers wishing to use these services may visit www.myVTax.vermont.gov.

  • New! File your Renter Rebate Claim on our website or through your software vendor
  • New! File an extension for Personal Income Tax
  • New! View your Form 1099G online
  • New! Respond to correspondence from the department
  • Check the status of your refund, including if more information is required
  • Make estimated payments and verify your payments from last year

 

Protect Yourself From Online Charity Scams

January 3, 2017  
Filed under Aging Parents, Money

Unfortunately, this time of year is prime time for charity scams. Many of us will be making our end of the year charity donations and scammers know this. Before you think your money is going towards a noble cause, make sure it isn’t going into the hands of a real-life Grinch. As the Internet is such a popular place for giving, it’s also a feeding ground for scammers. Many set up fake charities to collect donations for themselves from compassionate people who want to help others.

Here are some ways to protect yourself from becoming a victim to a charity scam: Read more

Next Page »