Taxpayers with long-term care insurance policies can deduct some of their premiums from their income. Whether you can use the deduction requires comparing your medical expenses to your income in a complicated formula.
Posts By Author: Robert BoydstunPage 2
New Medicare Rule Encourages Doctors to Test for Alzheimer's Disease and Offer Care Planning
A new Medicare rule will promote earlier diagnosis of Alzheimer’s disease. Medicare will now reimburse primary care doctors who conduct an Alzheimer’s evaluation and offer information about care planning to elderly patients with cognitive impairment.
5 Things to Know to Reduce Your Tax on Capital Gains
The one tax you may be able to avoid or minimize most through planning is the tax on capital gains. Here’s what you need to know to do such planning.
Typical Social Security Recipient Will Get $4 Benefit Increase in 2017
Social Security benefits will rise only slightly in 2017. This follows no increase in benefits in 2016 and small increases for many of the previous years.
IRS Issues Long-Term Care Premium Deductibility Limits for 2017
The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2017 taxes as a result of buying long-term care insurance.
States Begin Offering State-Run Retirement Plans
Workers in some states will soon have another option to save for retirement. Several states are establishing state-run retirement plans for workers who do not have a plan through their employer.
It's Time to Reassess Your Medicare Choices
Are your Medicare plans still working for you? Medicare’s open enrollment period, in which you can enroll in or switch plans, runs from October 15 to December 7.
Legal Planning After A Cancer Diagnosis
I was recently asked by a social worker what legal planning her client should do now that she has been diagnosed with cancer. My response applies not only to those with a cancer diagnosis but also to others who are experiencing other health issues as they age. There are four main areas to work on: selection of… Read More »
What Is Undue Influence?
Saying that there has been “undue influence” is often used as a reason to contest a will or estate plan, but what does it mean?
Most Caregivers Are Now Entitled to Minimum Wage and Overtime Pay
Become familiar with the federal government’s rules regarding minimum wage and overtime protections for home health care workers.