Archive

17Jun2019

Eldercare Can Be a Medical Deduction

    Article Highlights: Nursing Homes Meals and Lodging Home Care Nursing Services Caregiver Agencies Household Employees Because people are living longer now than ever before, many individuals are serving as care providers for loved ones (such as parents or spouses) who cannot live independently. Such individuals often have questions regarding the tax ramifications associated
  • 17 Jun, 2019
  • Jacqueline Cran
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10Jun2019

Gift Tax Treatment of Tuition Plans

    Article Highlights: Purpose of Qualified Tuition Plans Gift Tax Implications Special Five-Year Election Change of Beneficiary Eligible Expenses Direct Payment of Tuition Qualified tuition plans (QTPs) provide a means for family members and others to save for the future educational needs of children. Investment earnings within a QTP account are tax deferred and
  • 10 Jun, 2019
  • Jacqueline Cran
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06Jun2019

School’s Out – Who is Going to Take Care of the Kids?

    Article Highlights:  Child Age Limits Employment-Related Expense Married Taxpayer Earnings Limits Disabled or Full-Time-Student Spouse Expense Limits Summer has just arrived, and there is a tax break that working parents should know about. Many working parents must arrange for care of their children under 13 years of age (or any age if disabled)
  • 6 Jun, 2019
  • Jacqueline Cran
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