IRS Logo
Print - Click this link to Print this page

Frequently Asked Questions for Seniors

The list below addresses questions some seniors may have. This list will be updated in the future.

 

If Your Question is... Please see...
I entered into a reverse mortgage arrangement with my bank.
Are the proceeds of this loan taxable to me?
IRS Publication 936, Home Mortgage Interest Deduction
I exercised my right to receive life insurance distributions before death.
Are these proceeds taxable?
IRS Publication 554, Tax Guide for Seniors
I am over age 70 1/2.
How do I determine the amount I must withdraw each year from my IRA and 401(k) accounts to avoid a penalty?
Retirement Plan FAQs
Where can I find about about taking money out of my retirement plan early? Top 10 Facts about Taking Early Distributions from Retirement Plans

 

Page Last Reviewed or Updated: 13-Dec-2013