2024 Annual Gift and Estate Tax Exemption Adjustments
With the arrival of the new year, revisions to the annual gift tax and estate tax exclusions will be going into effect, as recently announced by the Internal Revenue Service.
With the arrival of the new year, revisions to the annual gift tax and estate tax exclusions will be going into effect, as recently announced by the Internal Revenue Service.
Each fall, Medicare advertising intensifies as the open enrollment period for coverage takes place. From October 15 to December 7, seniors nationwide have the option to sign up for a new Medicare plan. With dozens of plan choices available, shopping for Medicare can be overwhelming.
As of 2021, 5.5 million people aged 60 and older – or about one in 14 older Americans – were struggling with hunger. Instacart plans to start addressing some of the major barriers that seniors face in accessing healthy food.
In 2023, recipients of Social Security benefits saw the biggest increase in decades in their monthly checks. Although their payouts will indeed rise again in 2024, the cost-of-living adjustment (COLA) will be considerably more modest.
In 2023, seniors were happy to see their Medicare Part B standard monthly premiums and annual deductibles go down for the first time in more than a decade. Unfortunately, that’s not the case for 2024, when these charges will be back on the rise.
If you are a senior on a fixed income, you may worry that you will not have the money to fill your fridge. The Supplemental Nutrition Assistance Program (SNAP) exists to help people make ends meet.
The SSA has overpaid billions of dollars in benefits to Social Security recipients. An overpayment occurs when Social Security gives you more money in a month than you should have gotten. What can you do when they want those payouts back?
The Lifeline Program is a federal program that works to lower the cost of phone and internet services for low-income American households. With the reduced costs that Lifeline provides its customers, seniors can stay connected on a budget.
Most people receiving Medicare enroll in voluntary prescription drug coverage (Medicare Part D). Fifty million beneficiaries selected medication coverage in 2023.
Preparing and organizing your financial information for when you are no longer capable will bring peace of mind to you today. At the same time, it may relieve your loved ones’ burden in the future.