Designing an effective financial plan to cover caregiving costs can be a challenging endeavor. One of the initial hurdles is reaching a consensus on what is fair among all parties involved. Ideally, the goal is to find a solution that satisfies everyone, preserving relationships and avoiding conflicts. However, this process is far from simple, as Read more >>
Tax Tips for Family Caregivers and Older Adults. You can read more useful articles and advice on our blog.
Read our Tax advice & Tips for Family Caregivers. You can read more useful articles and advice on our blog.
Tax Preparation Tips for Seniors & Family Caregivers. You can read more useful articles and advice on our blog.
Wondering if it’s worth claiming medical expenses for equipment on your taxes? The answer is yes! Researching deductions for medical equipment used by yourself, your spouse or another person in your care is worth the effort because you may be able to reduce your tax bill. The IRS allows taxpayers who itemize to potentially deduct Read more >>
The best way to avoid a nasty surprise on the amount owed for tax return – or a terse letter from the IRS– is to do a rough tax projection. This process produces an estimate of what is owed so you can make smart decisions about cash flow and take steps to qualify for more Read more >>
Tax Breaks for Family Caregivers: Deductions and Credits. You can read more useful articles and advice on our blog.
Even the most conservative estimates place losses from elder financial exploitation at $36 billion each year. And that’s just what’s reported to financial companies and the police. “Elder financial abuse is happening in America at an alarming rate – if it was reported as often as it happens,” asserts Syracuse-based CPA and financial planner Ted Read more >>
5 Tips for Managing Healthcare for Aging Parents. You can read more useful articles and advice on our blog.
“If we care about someone, it’s going to have a financial impact, an emotional impact, and a physical impact,” admits Chris Cooper, a certified financial planner in San Diego. This isn’t exactly news for most adults who care for their aging parents. But Cooper points out that it is possible to lighten the emotional and Read more >>