Taxes are an important element to consider when engaging in estate planning. Discover the answers to 5 key estate tax questions.
2 CommentsHelping a senior with their taxes this year? Get their financial affairs (and your own) in order early on to avoid unnecessary stress as tax day approaches.
7 CommentsAnswers to tax questions caregivers ask most: Can I claim my parent as a dependent? Can I claim medical expenses? Do I pay taxes on money my parents give to offset expenses?
10 CommentsRetirement, government benefits, increasing health care costs and other financial changes can make filing income taxes especially complicated for older adults. Find free tax preparation services and tax advice near you.
15 CommentsFamily caregivers contribute their time and money to support those they love. When tax season rolls around, it’s important to understand that you may be able to claim your care recipient as a dependent on your tax return and lower your tax bill.
54 CommentsMillions of Americans are set to receive economic impact payments from the government. Learn about eligibility requirements, amounts and how to submit updated information to ensure older Americans get their coronavirus stimulus checks.
1 CommentInheriting an Individual Retirement Account (IRA) has certain tax implications. Understand your options to avoid costly mistakes.
5 CommentsCapital gains taxes play an important role in careful estate planning and the probate process. Knowing the specific rules for these taxes and any potential changes to them will help you and your family plan effectively.
0 CommentsEmploying a caregiver who is not affiliated with a home care agency can have a significant impact on the taxes you owe. Make sure you understand your role as a “household employer” before hiring an independent caregiver.
20 CommentsThe money a Social Security beneficiary receives could affects their taxes. Discover the current base amounts and tax rates for each filing status and determine if your benefits are considered taxable income.
3 CommentsLearn the basics of filing a final tax return for a recently deceased loved one.
11 CommentsWorking caregivers face significant challenges when it comes to balancing their careers, caregiving duties and financial commitments. Don't miss out on this opportunity to reduce your tax bill.
3 CommentsCould you use a break on your taxes? You might be surprised by all of the deductions you're entitled to as a family caregiver.
12 CommentsEven if you can’t claim your care recipient as a dependent, you may still be able to write off some of their health care costs and further reduce your tax bill.
18 CommentsWill you owe a gift tax this year? Use this Q&A to determine if the “gifts” you have received are considered taxable revenue.
12 CommentsWe retain health records, financial statements and tax documents just in case we need them, but this can be overwhelming for caregivers who store their loved ones’ files, too. Use these tips to organize what you should keep and purge what you shouldn’t.
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