May 5, 2020
The coronavirus relief bill includes a direct payment to most Americans, but this has Medicaid recipients wondering how the payment will affect them. Because the payment is not income, it should not count against a Medicaid recipient’s eligibility. The Coronavirus...
Apr 5, 2020
From the CPA Advisory Group of Columbus — We have been monitoring the ongoing saga of the Payroll Protection Program. What is clear is banks are not ready for tidal wave of applications heading their way. The bank websites I visited yesterday (April 2, 2020) are not...
Mar 27, 2020
From NBC News — Consumers eager to receive their stimulus checks from the government’s historic coronavirus aid package need to make sure they are up to date on their taxes. Once the stimulus measure is passed by the House and signed into law, distributions...
Feb 3, 2020
Seniors and retirees should know that they may be able to use online tax preparation software free of charge. Most low- and middle-income Americans qualify for the free help, but do not take advantage of it. And all seniors are eligible for free counseling assistance...
Dec 16, 2019
The Internal Revenue Service (IRS) has announced the amount taxpayers can deduct from their 2020 income as a result of buying longterm care insurance. Premiums for “qualified” longterm care insurance policies (see explanation below) are tax deductible to...
Jun 24, 2019
Hospital patients who need additional care after being discharged from the hospital are usually sent to either an inpatient rehabilitation facility (IRF) or a skilled nursing facility (SNF). Although these facilities may look similar from the outside, Medicare offers...
