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Tax credits and deductions are two ways to reduce tax liability. Tax credits directly reduce the amount of taxes owed, dollar-for-dollar. They benefit all those who owe tax.
The federal estate tax was enacted in 1916 to raise revenues. Its intent was also to reduce the concentration of wealth, thus increasing economic equality.
State and local governments issue bonds to finance important projects that meet social goals and benefit communities. Bonds are attractive because they provide financial flexibility.
One indicator of sensible fiscal practices is maintaining balance between spending and revenues. Occasional deficits may be necessary.
State and local governments charge fees for the use of certain services. These fees are based on the principle that people should pay according to the benefits they receive.
Taxes are complicated. Compliance often poses challenges.
Enabling the improvement of people’s health depends on people taking control of their health as they age and on systems that support healthy choices and provide everyone affordable, high-quality ca
To achieve good health outcomes, consumers and their family caregivers must understand how to engage effectively with medical systems and community-based resources that support and promote health.
People can stay healthy as they age, in part, by assuming personal responsibility for their health.
In the U.S., many health care decisions—such as whether to seek health care and where to go for care—can have significant financial consequences for individuals and the health care system.