Tax season can be a daunting time for everyone. However, seniors are particularly vulnerable to tax scams that prey on their trust and lack of familiarity with ever-changing rules. It is essential to protect seniors from falling victim to these scams, without making them feel like they're losing their autonomy.
Here are some ways we can help prevent tax scams in seniors.
Educate Seniors About Common Tax Scams
Scammers are constantly coming up with new ways to target seniors. This makes it important to stay informed about the latest schemes. Some of the most common tax scams targeting seniors include IRS impersonation scams, fake charities, and tax preparer fraud. By sharing information about these scams with your senior relatives, you can help them recognize red flags and avoid falling victim to these schemes.
There are also several resources available to help seniors educate themselves about tax scams. Organizations like AARP offer a Fraud Watch Network that provides tips and alerts on the latest scams. Meanwhile, the IRS website and publications offer valuable information about tax-related fraud. Local senior centers or community classes may also offer educational programs about financial scams and how to stay protected.
Encourage Open Communication With Senior Relatives
Having open and honest conversations about financial matters can be difficult. However, it's crucial in helping seniors protect themselves from tax scams. Offer support and guidance without being overbearing. Remember that the goal is to empower seniors to make informed decisions about their financial well-being. Also, encourage them to ask questions and express concerns about potential scams, and assure them that you're available to help if needed.
Help Seniors Protect Their Personal Information
Identity theft is a serious risk for seniors, especially during tax season. It's essential that seniors take steps to protect their personal information from falling into the wrong hands. Encourage seniors to shred sensitive documents, use strong passwords for online accounts, and be cautious when sharing personal information over the phone or online. By taking these precautions, seniors can also reduce their risk of becoming victims of identity theft and related tax scams.
Consider Using a Third-Party Service for Tax Preparation
One way to reduce the risk of tax scams is to have a professional tax preparer or service handle taxes for seniors. This also ensures accurate and timely tax filing and can provide an extra layer of protection against scams. To find a reputable tax preparer, consider asking friends or family for recommendations, checking credentials and reviews online, or interviewing potential tax preparers to ensure they are knowledgeable and trustworthy.
Monitor for Signs of Tax Scams
Encourage seniors to be vigilant for signs of potential tax scams. Unexpected phone calls or emails from the IRS requesting personal information or immediate payment are all red flags that should raise suspicion. If seniors suspect they've been targeted by a tax scam, offer support in reporting the incident to the IRS, local law enforcement, the AARP Fraud Watch Network, or the Federal Trade Commission.
Senior Helpers Dayton Supports Seniors
Protecting seniors from tax scams is essential. However, it's equally important to respect their autonomy and empower them to make well-informed decisions. By providing education, resources, as well as support, we can help them navigate tax season with confidence and security.
If you live in Centerville, Beavercreek, Oakwood, Kettering, or Huber Heights, consider reaching out to Senior Helpers Dayton for assistance with daily life. Contact us today to learn more about our in-home care services!