Working? You May be Eligible for This Tax Credit
Russo Law Group, P.C. | New York Special Needs, Elder Law & Estate Planning Blog
by Russo Law Group, P.C.
1d ago
Tax season has begun, with the filling deadline set for mid-April for most taxpayers. Working individuals may be unaware that they qualify for potential tax breaks. Many taxpayers who have a limited earned income overlook the Earned Income Tax Credit (EITC). What Is EITC? The Earned Income Tax Credit (EITC) lowers the amount you owe in federal taxes and could even mean you will receive a refund. This tax break is in fact readily available. However, the Internal Revenue Service (IRS) states that many remain unaware of it. A significant number of those who qualify fail to claim the credit. As of ..read more
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Navigating the 2024 Tax Season
Russo Law Group, P.C. | New York Special Needs, Elder Law & Estate Planning Blog
by Russo Law Group, P.C.
6d ago
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/Jg2qnoMY3qk It is that time of year again, where taxpayers must file their personal income tax returns. But, what do you need to know before filing your tax return? In the big picture, since the tax world is constantly changing, this tax season is no different, with a myriad of rules, deductions, credits, and responsibilities that may seem overwhelming. Here are some helpful tips on how to navigate the 2024 tax season. What tax form should I use? When deciding on which tax return form to use, it’s important t ..read more
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Vincent Russo on CFN Live: Navigating the 2024 Tax Season
Russo Law Group, P.C. | New York Special Needs, Elder Law & Estate Planning Blog
by Russo Law Group, P.C.
6d ago
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on March 18th, 2024 to discuss “Navigating the 2024 Tax Season” Vincent J. Russo discusses which tax return form should you use, how to get your refund quickly, and making the most of tax deductions and tax credits. You do not want to miss this informative episode. CLICK HERE to read the Navigating the 2024 Tax Season blog post. For more information on these topics and more, you can download for free our Planning Guides from our law firm website at vjrussolaw.com Vincent can be found on past CFN Live episod ..read more
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11 Questions to Ask an Elder Law Attorney
Russo Law Group, P.C. | New York Special Needs, Elder Law & Estate Planning Blog
by Russo Law Group, P.C.
1w ago
Elder law encompasses a wide range of legal matters that affect older individuals. Attorneys who practice elder law advocate for seniors and execute legal plans to assist them in living better lives. Their expertise may encompass estate planning, as well as planning for retirement, Social Security, and long-term medical care. This specialty of the legal profession remains crucial for the well-being of this ever-increasing population. According to the U.S. Census Bureau, more than 54 million seniors live in the U.S. This accounts for more than 16 percent of the total population. The number ..read more
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What Is the Difference Between Palliative and Hospice Care?
Russo Law Group, P.C. | New York Special Needs, Elder Law & Estate Planning Blog
by Russo Law Group, P.C.
2w ago
Palliative care and hospice care can provide comfort to seriously ill patients and patients who have received a prognosis of imminent death. Each type of care is intended to improve the quality of life among patients who receive it. Many people use the terms hospice care and palliative care interchangeably, but there are important distinctions. Here are the differences between palliative and hospice care. What is Hospice Care? Hospice care is comfort care generally available for patients who have a terminal illness diagnosis and a prognosis of six months or less to live. Their doctor must repo ..read more
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Medicaid Planning with Exempt Transfers
Russo Law Group, P.C. | New York Special Needs, Elder Law & Estate Planning Blog
by Vincent J. Russo
2w ago
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/vRwM-9IoUcE The cost of nursing home care is staggering. With the average stay in a nursing home being 2.29 years, it is reported that as many as 80% of aging adults lack the financial resources to pay for that care. Seniors can lose all that they have in a crisis. Does Medicaid cover long term care? Our broken health care system discriminates against seniors and people with disabilities who need long term care. Medicare does not cover long term care. With nursing homes costing on average over $100,000 per ye ..read more
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Vincent Russo on CFN Live: Medicaid Planning with Exempt Transfers
Russo Law Group, P.C. | New York Special Needs, Elder Law & Estate Planning Blog
by Russo Law Group, P.C.
2w ago
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on March 5th, 2024 to discuss “Medicaid Planning with Exempt Transfers” Vincent J. Russo discusses the Nursing Home Crisis, how Medicaid covers Nursing Home Care, and how to take advantage of Exempt Transfers. You do not want to miss this informative episode. CLICK HERE to read the Medicaid Planning with Exempt Transfers blog post. For more information on these topics and more, you can download for free our Planning Guides from our law firm website at vjrussolaw.com Vincent can be found on past CFN Live epi ..read more
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Vincent Russo on CFN Live: Leaving Your Personal Property to Family can be Problematic
Russo Law Group, P.C. | New York Special Needs, Elder Law & Estate Planning Blog
by Russo Law Group, P.C.
3w ago
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on February 18th, 2024 to discuss “Leaving Your Personal Property to Family can be Problematic” Vincent J. Russo discusses how to leave your personal property under a Will, how can you avoid family problems, and what options are available to resolve a family dispute? You do not want to miss this informative episode. CLICK HERE to read the Leaving Your Personal Property to Family can be Problematic blog post. For more information on these topics and more, you can download for free our Planning Guides from our law ..read more
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What Is Respite Care? Can It Help with Caregiver Burnout?
Russo Law Group, P.C. | New York Special Needs, Elder Law & Estate Planning Blog
by Russo Law Group, P.C.
3w ago
It is easy to burn out when you are responsible for providing full-time care to an aging or disabled loved one. In some cases, caregiver burnout can result in resentment toward the individual they care for, despite their love for them. The fact is, we all need a break sometimes. That is why respite care exists. If you are a caregiver who needs to take time for yourself, read more to learn about respite care. What does “respite” mean? Taking respite means having a temporary period of rest. For primary caregivers, this typically refers to securing short-term care for your loved one – even severa ..read more
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Women’s History Month: Forging the Path Ahead
Russo Law Group, P.C. | New York Special Needs, Elder Law & Estate Planning Blog
by Russo Law Group, P.C.
1M ago
In celebration of Women’s History Month, we take a moment to honor the indomitable spirit and remarkable contributions of women in law and public service. The journey to equality and recognition in these high-stakes arenas has been arduous and fraught with challenge, yet the impact made by countless women on our legislative, judicial, and civil institutions is nothing short of revolutionary. Their stories inspire feminists, history enthusiasts, women in law, and every individual fighting for a more inclusive society. Historical Overview The history of women’s involvement in the legal professio ..read more
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