IRS Issues Long-Term Care Premium Deductibility Limits for 2021
The Internal Revenue Service has announced the amount taxpayers can deduct from their 2021 income as a result of buying long-term care insurance.
Where Trump and Biden Stand on Issues Important to Older Americans
With the presidential election only a few weeks away, it is important for voters to know the candidates’ positions on issues like Medicare, Medicaid, and Social Security.
A Modest Social Security Increase for 2021
The Social Security Administration has announced a 1.3 percent increase in benefits in 2021, an increase even smaller than last year’s.
How to Fix a Required Minimum Distribution Mistake
The rules around required minimum distributions from retirement accounts are confusing, and it’s easy to slip up. Fortunately, if you do make a mistake, there are steps you can take to fix the [...]
New York Imposes Restrictions on Medicaid Eligibility for Home Care
New York was the only state that didn’t have a look-back period for Medicaid home care, but that is now changing. New York Medicaid applicants will no longer be eligible for home care if they [...]