Do you have to report that you're turning 65 if you're not retiring?

Aug 29, 2017
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No. Turning age 65, however, does permit you many opportunities such as increasing your standard deduction on your federal income tax return and applying for Medicare, but whether you retire or not is not an income tax matter.

For more resources, check out PICPA’s Money & Life Tips, Ask a CPA, or CPA Locator.

Answered by: Paul K. Rudoy, CPA, PFS, is managing partner of H2R CPA in Pittsburgh.
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