Who’s Getting The $90 Medicare Payment?
More than 20 million Medicare beneficiaries will receive a one-time $90 payment in October. Here’s who qualifies, where it comes from, and whether it’s taxable.
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How To Avoid Social Security And Medicare Scams
Figuring out Social Security and Medicare taxes and benefits can be confusing for taxpayers, and increasingly, taxpayers are turning online and to professionals for help. Unfortunately, the Social Security Administration (SSA) warns, some taxpayers seeking information are also being taken advantage of by thieves and scammers. Here’s what you need to know. First, there is a…
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Trustees Report That Social Security Benefits Could Be At Risk
Each year, the Trustees for Social Security release an annual report on the financial outlook for Social Security and Medicare. The key takeaway this year: Both face long-term financing shortfalls.
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Taxes From A To Z (2014): M Is For Medicare Payments
Taxes From A To Z: M Is For Medicare Payments
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Taxes & The State Of The Union 2013
Last night, the President delivered his annual State of the Union speech to members of Congress and to the nation. Each year, this is the President’s opportunity to address Congress and the nation about how we’re doing as a country and what his particular agenda will be for the coming year. You can read the…
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IRS Releases Proposed Regs for Health Care Law: Who’s Covered, Who’s Exempt, and What Happens If You Don’t Pay?
The IRS has finally released proposed regulations relating to the requirement to maintain minimum health care insurance coverage under the terms of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended (“ACA”). Under the terms of ACA, there is a “shared responsibility to reform and…
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Boehner, Obama Talks Heat Up But Still No Deal On Taxes, Spending
With 19 days left on the calendar until the end of the year, Congress is pretending like they want to make a deal on the budget. But if you think that means we’ll see significant reform between now and then, don’t hold your breath. Yesterday, House Speaker John Boehner (R-OH) and President Barack Obama held…
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9 Tax-Related Myths About Selling Your Home
I am moving. It feels weird to finally say that out loud (er, yes, the blog counts as out loud). I have lived in my current home in Philadelphia for fourteen years: my entire adult life, more or less. In that time, I’ve stored up a whole houseful of memories. I have hosted Thanksgiving dinners…
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Are Romney, Ryan & Reagan A Winning Team?
“Mitt’s Choice for VP is Paul Ryan.” That’s the message that Mitt Romney supporters received this weekend via his smartphone app. And with that, many prospective voters went scurrying to figure out: Who is Paul Ryan? Here’s the quick scoop on Ryan: He’s Rep. Paul Ryan. He’s represented the 1st congressional district for Wisconsin in…
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Cheney’s New Heart Stirs Health Care Debate: Who Lives & Who Dies?
Over the weekend, Vice President Dick Cheney received a new heart at Inova Fairfax Hospital in Falls Church, Va. The news raised eyebrows and questions about whether he was too old for the procedure. At age 71, Cheney was older than the average heart transplant patient; while there is no firm age limit for a…