Caregiver in Elk Grove CA
For many elderly adults, managing finances can start to be a difficult task as they age. This is especially true for elderly adults who are affected by dementia or Alzheimer’s disease and may have 
trouble with numbers. As tax time draws near, many family caregivers or children of elderly adults may be wondering how they can help their loved one to stay on track financially and file their taxes properly. Here are a few tips for family caregivers for helping a loved one with fin aces that can be used during tax season and beyond.
Keep Paperwork Organized
If your loved one doesn’t already have a home filing system, now is a good time to help them to create one. Having a file cabinet or box with important documents neatly organized is a great way to avoid losing important papers or spending too much time trying to locate things. Good things to file away include bank statements, retirement account information and statements, and documents related to Social Security benefits and pension plans.
Get Assistance
This is especially helpful for family caregivers who need help with the tax filing process and financial management themselves. Even though your loved one may have lots of experience filing taxes over the years, sometimes it is easier to hire a professional to guide them through the process. An accountant or tax professional may also be able to help your loved one save more money by finding additional deductions.
Don’t Delay
Once you have gathered all of the important paperwork you need to help your loved one file, and don’t put it off until the last minute! The deadline for filing is April 18th, so make sure that you get it done well before that date. Filing sooner may also help them get any refunds they may have earlier.
Set a Good Foundation for the Whole Year
If you have set out to get your loved one’s important documents in order for tax time and found a finance professional to assist you, don’t stop once the taxes have been filed. Talk with your loved one about managing finances day to day including staying on schedule with bills, setting a budget, and saving money. If you stay organized throughout the year and communicate with your loved one about finances, assisting your loved one with financial management will be much easier.
If you or an aging loved one needs caregiver services near Elk Grove, CA, remember Senior Home Care Services. Call us at (916) 514-7006 for more information.
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