Under the newly enacted Tax Cuts and Jobs Act (TCJA), the rule applicable to alimony payments has been flipped on its head. Alimony is the payments that someone gives to an ex-spouse who earns less money. Alimony payments, which are…
This update provides new information for 2018 Social Security taxes and benefits. This is the third of a four-part series of updates for 2018. SSI for NYS Residents: Individual Couple $837/month $1,229/month Maximum Earnings Taxable Social Security (OASDI) $128,400/year Quarter…
Commencing January 1, 2018, there are new Medicaid amounts reflecting Medicaid eligibility. This is the second of a four-part series of updates for 2018. 2018 Asset and Income Allowances One Person Two People Income Level *including $20 unearned income disregard $ …
Social Security and Supplemental Security Income (SSI) benefits are incredibly important for many senior citizens and individuals with special needs. It can be devastating if there is a disruption in these benefits of any kind. In order to avoid disruption…
The Theresa Foundation’s annual Theresa’s Fun Day Bowling Event is quickly approaching. Join us on Saturday, January 20, 2018 from 2:00 to 5:00 pm for an afternoon of bowling and family fun at Farmingdale Lanes (999 Conklin St. Farmingdale, NY)! Click here to register today! Registration for bowlers…
This update provides new Medicare figures for 2018. This is the first of a four-part series of updates for 2018. Medicare Part A: Hospital Services Inpatient hospital deductible $1,340/illness Daily co-insurance $0/day 1-60 $335/day 61-90 $670/day 91-150 Skilled Nursing Facility…
If you enjoyed watching the inspirational and resourceful three-time Telly Award winning show, Family Comes First™ this past season, you’ll be glad to know you can now watch your favorite episodes at your leisure. Vincent J. Russo and Victoria Roberts Drogin…
Getting the whole family to come together in one room is not an easy feat. That is why many people choose to discuss important issues, such as their estate planning goals with their families during the holiday season. We always…
Whether we like to admit it or not, our children do not stay young forever. They grow up, move away for college and sometimes chose to pursue a career in a different state. Up until your child reaches age 18,…
Everyone loves a discount, especially around the holidays when money can be tight. Many of the local retailers and restaurants you already frequent offer discounts to seniors, all you have to do is ask! Restaurant discounts: Applebees – 15% off…