For the abundance of current and former armed service members here in Dayton and beyond, this article looks at the 10 states where retired veterans receive the least in tax benefits. Many states offer tax breaks for retirees and have additional tax breaks for veteran pensions while others do not. This article raises important questions for veterans to consider in their retirement planning.

When it comes to retirement planning, it can sometimes help to think outside the box. That’s exactly what the subjects of this week’s article, accountant Angelyn Burke (one of our favorite kinds of people) and her husband Richard, did when they made the decision to retire on a cruise ship.

We all know one or more elders that have been preyed on in one fashion or another. It happens all the time. Some attorneys even specialize in defending their elderly clientele against these predators, who come in all shapes and sizes. Sometimes, a predator is a stranger who becomes embedded in the senior’s life in the form of “a new caregiver, a friend, a romantic interest or even as a financial adviser.”

We all complain about the crazy and sometimes foolish behavior of the Internal Revenue Service. But, other taxing entities such as states, school districts and municipalities can be just as bad. These other taxing entities have no qualms in spending $100 to collect $10 in extra taxes. They are also quick to charge interest and penalties on anything and everything.

One hears much about the federal income tax credit available for rehabilitation of historical structures. Fewer know that Ohio also has such a credit. The federal and state credits may help finance the rehab of historic structures.

If one of these notices comes your way, please check immediately with your tax advisor. This piece of mail is not to be ignored.