Under President Biden’s proposal, those who make over $400,000 annually would face a Medicare tax rate of 5 percent to help fund the program.
If your original Last Will and Testament cannot be located after your death, it is presumed to have been revoked.
Effective July 1, 2023, recertifications will again be required and new applications will undergo a full review under pre-pandemic rules.
It’s important to prepare your electronic legacy,
Further increases in the Medicaid income and asset allowances have gone into effect retroactive to January 1, 2023.
Following a few simple steps can help keep parents safe as they age.
The taxpayer is ultimately responsible for any penalties or taxes resulting from incorrect withdrawals from qualified retirement accounts.
Certain steps may make sense if a disinheritance may be the result of duress, undue influence, fraud and/or mental incapacity.
Direct payments of another’s education or health care expenses are exempt from the gift tax.
Some positive developments that help older Americans come with the new year.
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