Typical employer-based health coverage doesn't pay for daily care services, and Medicare will only cover a short stay in a nursing home or a limited amount of at-home care. And so, long-term care insurance was born. Policies offer many different [...]
Whenever an employee needs to take leave under the Family Medical Leave Act, he or she must inform the company as soon as possible. Failure to notify the company within the time frame specified under the FMLA or failure [...]
Most of the papers you need to document the income, interest and withheld taxes you report arrive in your mailbox in January, with investment-related 1099s often coming in February. Get ready for their arrival by creating print and online folders. [...]
You can be self-employed as a sole proprietor/an independent contractor, or a member of a partnership or of a limited liability company. As such, you need to file an annual income tax return and pay estimated taxes throughout the [...]
Property taxes are a major source of income for city, county and state governments. The tax is derived from a percentage of the assessed value of a property, true, but the municipality also determines how much money needs to be [...]
Can you deduct medical and dental expenses? That's a complicated question. To start with, your deductions must exceed 7.5 percent of your adjusted gross income. And they have to fall into an IRS-approved category. Deductible medical expenses may include, but [...]
You want to continue to claim your child as a dependent, but he or she is getting older. What’s the cutoff time? The IRS says that your child must meet either the qualifying child or the qualifying relative tests [...]
You're stuck in a tax audit. After an IRS examiner receives your documentation and makes a decision regarding proposed changes to your return, there are several options available as follows: You can sign the letter stating that you agree [...]
The Tax Cuts and Jobs Act made many changes to the individual tax law, including the alternative minimum tax. One of the goals of the new tax law was to reduce the impact of the AMT or even to [...]
According to the Social Security Administration, Social Security and Supplemental Security Income benefits for more than 67 million Americans will increase 2.8 percent in 2019. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2018. [...]
