Tax and Accounting 

Services for Retirees


Retirement is an exciting time in one's life, filled with new possibilities and opportunities. However, it also brings about a new set of tax considerations. As a retiree, you may have multiple sources of income, such as pension benefits, social security benefits, and income from investments. Additionally, you may be eligible for various deductions and credits that can help reduce your tax liability. It is important to have a team of experienced tax professionals to help you navigate the complex tax laws and ensure that you receive the maximum refund or pay the minimum amount of taxes owed. That's where Taxstra comes in.

Why Choose Taxstra for Your Individual Tax Preparation Needs?

Expertise in State of Illinois Government Agency Retirement Benefits

Taxstra is located in Springfield, IL, the home of many State of Illinois Government Agencies. Our team has extensive knowledge of the retirement benefits offered by these agencies and can help you take full advantage of them on your tax return. For example, many State of Illinois Government employees receive a pension benefit from the State Employees' Retirement System of Illinois (SERS). The pension benefit is considered taxable income and must be reported on your tax return. However, there are certain deductions and credits that you may be eligible for that can help offset the tax liability on your pension benefit. Our team can help you determine your eligibility for these deductions and credits and ensure that they are claimed on your tax return.

Another retirement benefit that State of Illinois Government employees may receive is health insurance. The State of Illinois offers a health insurance plan for retirees called the State Employee Group Insurance Program (SEGIP). The premium for the health insurance plan is considered a taxable benefit and must be reported on your tax return. However, there is a credit that you may be eligible for that can help offset the tax liability on the premium. Our team can help you determine your eligibility for the credit and ensure that it is claimed on your tax return.

Comprehensive Tax Preparation Services

At Taxstra, we offer a full range of individual tax preparation services, including tax planning, filing, and representation in case of an audit. Our team will work with you to understand your specific needs and tailor our services to meet them.

Tax Planning: Tax planning is an essential part of the tax preparation process. It involves analyzing your financial situation and identifying strategies to reduce your tax liability. Our team can help you identify deductions and credits that you may be eligible for and provide guidance on how to take advantage of them. For example, if you have significant medical expenses, you may be eligible for the medical expense deduction. Our team can help you determine your eligibility for the deduction and provide guidance on how to claim it.

Tax Filing: Our team will prepare and file your tax return, ensuring that it is accurate and complete. We will also review your return for potential errors or omissions that could result in a delay or rejection of your refund. Additionally, we will electronically file your return, which will speed up the processing time and enable you to receive your refund faster.

Representation in Case of an Audit: In the event that your return is selected for an audit, our team will represent you before the IRS. We will work with the IRS to resolve any issues and ensure that your rights are protected.

Personalized Attention

We understand that every retiree's financial situation is unique. Our team will take the time to understand your specific needs and tailor our services to meet them. We will provide personalized attention and ensure that you are fully informed throughout the tax preparation process.

Contact Taxstra Today

Don't let taxes add stress to your retirement. Contact Taxstra today at 217-7-788-0750 or contact@Taxstra.com to schedule a consultation. Our team is ready to assist you with all of your individual tax preparation needs. We will work with you to ensure that you receive the maximum refund or pay the minimum amount of taxes owed.

Additional Services provided to Retirees

In addition to individual tax preparation services, we also offer a wide range of other services for retirees such as estate and trust tax preparation, retirement planning, and consulting on financial matters. We understand that retirement can be a complex time with many decisions to make, and we want to be there to support you every step of the way.

As a retiree, it is important to stay informed about the latest tax laws and regulations. Our team stays up-to-date on the latest tax laws and regulations and will ensure that you are aware of any changes that may affect your tax return.

At Taxstra, we pride ourselves on providing high-quality service and personalized attention to our clients. Our team of experienced tax professionals is dedicated to helping you navigate the complex tax laws and ensure that you receive the maximum refund or pay the minimum amount of taxes owed. Contact us today at 217-788-0750 or contact@Taxstra.com to schedule a consultation and learn more about how we can help you with your individual tax preparation needs.