Finances 50+

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AARP is asking the Oklahoma Corporation Commission to reduce electric and gas rates by requiring utilities to pass recent tax savings on to consumers.

AARP Oklahoma has partnered with the IRS to share important tax information beginning in tax season and continuing throughout the year.

If you earned $53,930 or less last year, you could receive a larger refund if you qualify for the Earned Income Tax Credit (EITC). If you have three or more qualifying children, you could get a maximum credit of up to $6,318. Even if you don’t have children, it could mean up to $510 added to your tax refund.

Beginning February 1 and continuing through April 17, 2018, AARP Foundation is providing free tax assistance and preparation through its Tax-Aide program. AARP Foundation Tax-Aide, celebrating its 50 th year, is the nation’s largest free tax assistance and preparation service. Since its inception, the program has served more than 50 million taxpayers.

More than 545,000 Oklahomans could see their electric bills increase an average of $14 a month if regulators approve a $156 million rate hike proposed by the Public Service Company of Oklahoma (PSO). The utility said it needs to recover more than $625 million already spent on infrastructure and equipment, including about 530,000 smart meters.

Oklahomans can find out what it takes to start a business at age 50-plus at Encore Entrepreneur events in Tulsa and Durant this month. Experts will explain how to write a business plan and seek start-up capital.