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Top 10 things you need to know about Florida Nursing Home Medicaid: Your homestead is protected from creditors. Creditors include the nursing home and Medicaid liens (not so in other states, like Ohio, that force you to sell your house if you or your dependent do not lived in it for at least 6 months, in which case, it must be sold and the proceeds of
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“Fiscal Cliff” legislation – what does it mean to you? Last month, I discussed the tax rate changes and the estate tax exemptions under the American Taxpayer Relief Act of 2012. You should also be aware that the payroll tax holiday will not be extended meaning that the payroll tax rates will be going back up to pre-2011 levels of 6.2% (yes, that means
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Do You Need Tax Return Help? Are you a senior citizen needing tax return help? Learn about the IRS Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs. VITA Program: If you make $51,000 or less, IRS-certified volunteers can inform you about tax credits for which you may qualify, and prepare a basic tax return with electronic filing. TCE Program:
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Paying your parent’s bills and need help from siblings? “4 Great New Tools to Manage Your Money” discusses a new company called “PayTap” that will allow you to work with family members to pool the money to help pay Mom and Dad’s bills. I have quite a few clients whose children live out of town or out of state, and it is hard for
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