What happens when you die?
“In this world nothing can be said to be certain, except death and taxes,” Benjamin Franklin once wrote in a letter.
Unfortunately, those words are just as true today as they were in the 1700s.
Worse, sometimes the two come as a package deal.
After all, when someone dies, their family members must go through a lengthy series of tax, financial, and legal steps in order to...
Medical Tax Deductions – 2018
The deduction for qualified medical expenses has survived yet another round of tax reform. The IRS will allow a tax payer to deduct expenses that exceed 7.5% of their adjusted gross income for 2017 and 2018. Beginning in 2019, all taxpayers may deduct only the amount of the total unreimbursed allowable medical care expenses for the year that exceeds 10% of their adjusted gross income.
For...
VA Disbursements have Increased
Helen Justice, Geriatric Care Manager, at Advanced Wellness, published an informative article on updates to VA disbursements:
Are you a War-Time Veteran or Widow of War Time Veteran?
There are Financial Benefits available for War Time Veteran and Widow of War Time Veteran to help defray the cost for senior placement Assisted Living Facilities, Board and Care Homes, and In-Home Care. There is a...