New Pennsylvania Medicaid Transfer Penalty Set for 2021
Marshall Elder and Estate Planning Blog
by Jeff Marshall
3y ago
 When you need long-term care at home or in a facility the costs can be staggering. That is why qualifying for government benefits through Medicaid is crucial to the financial, physical and emotional health of so many seniors and their families. Unfortunately, qualifying for Medicaid long-term care benefits can be very difficult. One of the obstacles is the so-called “transfer penalty.” A period ..read more
Visit website
Medicare Part B Premium and Deductible Amounts for 2021 Announced
Marshall Elder and Estate Planning Blog
by Jeff Marshall
3y ago
 <!--[if gte mso 9]> <![endif]--><!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE <![endif]--><!--[if gte mso 9]> ..read more
Visit website
Pennsylvania Death Taxes Explained
Marshall Elder and Estate Planning Blog
by Jeff Marshall
3y ago
 <!--[if gte mso 9]> <![endif]--><!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE <![endif]--><!--[if gte mso 9]> ..read more
Visit website
Social Security Payments to Increase 1.3% in 2021
Marshall Elder and Estate Planning Blog
by Jeff Marshall
3y ago
 The Social Security Administration has announced that payments to retired and disabled beneficiaries will increase by 1.3% in 2021.  This inflation adjustment is intended to offset the higher costs-of-living encountered by beneficiaries. The increase is effective for payments received in January 2021 for retirement benefits. The 1.3% increase also applies to recipients of Supplemental Security ..read more
Visit website
New Tax Deduction for Charitable Gifts is Available to People who don’t Itemize
Marshall Elder and Estate Planning Blog
by Jeff Marshall
4y ago
Americans are generous. A majority of Americans give money to charity. But due to a 2017 change in the tax laws, few Americans have been able to take a tax deduction for those donations, Now, under the recently enacted CARES Act, the charitable deduction window has been opened again for most American taxpayers. But only slightly. Here are the details. Section 2204 of the CARES Act allows ..read more
Visit website
Retirement Plan Minimum Distributions Suspended for 2020
Marshall Elder and Estate Planning Blog
by Jeff Marshall
4y ago
<!--[if gte mso 9]> <![endif]--><!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE <![endif]--><!--[if gte mso 9]> ..read more
Visit website
Mail-in Voting Now Authorized in Pennsylvania
Marshall Elder and Estate Planning Blog
by Jeff Marshall
4y ago
Pennsylvania’s new election reform law takes effect with the primary election on April 28, 2020. The law creates a new option to vote by mail that can make voting much easier and more convenient for older adults. Registered voters can now choose to vote by mail-in ballot rather than appearing at a polling place on election day. According to the Governor’s press release  the new law (Act 77 of ..read more
Visit website
New Law Changes Rules for IRAs and 401(k)s
Marshall Elder and Estate Planning Blog
by Jeff Marshall
4y ago
A new law, which became effective on January 1, 2020, makes major changes to the rules governing retirement plans. The new law is designed to increase the availability of retirement plans to workers and thus the amount of money that workers are saving in retirement accounts. But it also includes negative tax consequences that will be felt by most non-spouse beneficiaries who inherit an IRA or ..read more
Visit website
What is the Medicaid Transfer Penalty?
Marshall Elder and Estate Planning Blog
by Jeff Marshall
4y ago
<!--[if gte mso 9]> <![endif]--><!--[if gte mso 9]> Normal 0 false false false EN-US X-NONE X-NONE <![endif]--><!--[if gte mso 9]> ..read more
Visit website
Medicare Part B Premium and Deductible to Rise in 2020
Marshall Elder and Estate Planning Blog
by Jeff Marshall
4y ago
Medicare is the vital healthcare program that covers most older Americans. It’s a complicated program. This article will take a look at one of its components – Medicare Part B and Part B’s premiums.    Medicare Overview Medicare is the federal health insurance program that covers people 65 and older and some younger adults with permanent disabilities and certain medical conditions. When ..read more
Visit website

Follow Marshall Elder and Estate Planning Blog on FeedSpot

Continue with Google
Continue with Apple
OR