- Caring for an Elderly or Incapacitated Individual
- With individuals living longer, we frequently find ourselves in the position of caregiver for elderly or incapacitated individuals. Whether you’re caring for an incapacitated or elderly spouse, an elderly parent, or even a child, understanding potential tax advantages can relieve some of the financial burden associated with being a caregiver. The following are some tax aspects of taking on the care of an elderly or incapacitated individual.
- Mandatory Health Insurance Will Begin in 2014
- Beginning in 2014 the Patient Protection & Affordable Care Act (the health care legislation sometimes known as Obama Care) will impose the new requirement that U.S. persons, with certain exceptions, have minimal, essential health care insurance.
- Eight Tips to Help You Determine if Your Gift Is Taxable
- If you give someone money or property during your lifetime, you may be subject to the federal gift tax. The following tips will help you determine if your gift is taxable or if you are required to file a gift tax return.
- Congress Puts Lid On Health Flexible Spending Arrangements
- As part of the Patient Protection and Affordable Care Act (new health care law), employee contributions to health flexible spending arrangements (health FSA) are now being limited to a maximum pre-tax contribution of $2,500.
- Patient Protection and Affordable Care Act - Large Employer Mandatory Health Coverage
- Beginning in 2015, large employers, generally those with 50 full-time employees in the prior calendar year, will be affected by the Patient Protection and Affordable Care Act. Watch the video to learn how it may affect you.
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