Dear Tax Guy, I am 65 years old and receive a pension and Social Security. I work full time. I have been penalized for the last two years because I went over the limit on earnings for Social Security as I was making around $50,000 each year. Next year, at 66 and 8 months, I can earn as much as I want and not be penalized by Social Security. I have debts, including a $30,000 car loan, a $2,500 credit-card bill, and a $6,000 personal loan.
I also owe $8,000 to the Internal Revenue Service, and I pay back $250 a month. Once I pay off the debt, how can I be prepared for taxes? Or even reduce them? I am fairly healthy, and plan to work for another 10 years. I need a game pla