Is Social Security Taxable?

Q. I retired last year, and started receiving Social Security benefits. I am getting ready to do my taxes, and was wondering if I have to pay federal or state taxes on my Social Security income. My understanding was that Social … [Read more...]

Taxation of Special Needs Trusts

This article was written by Special Needs Alliance member Tara Pleat. Tara is a founding partner of the law firm of Wilcenski & Pleat PLLC in Clifton Park, New York. She practices in the areas of Special Needs Planning, Elder … [Read more...]

Tax Overhaul: The Good, the Bad, and the Ugly for Seniors

Congress has ushered through the first major tax overhaul since Ronald Reagan was president. The measure, which President Trump signed into law last Friday, is about to change the lives of millions of Americans, including seniors. … [Read more...]

Medical Expense Deduction will be Preserved

On Friday, Republicans released their final tax bill. Not only does the legislation retain the medical expense deduction, but it also temporarily expands the deduction for two years. The National Association for Elder Law … [Read more...]

Critter Corner: Often Overlooked Tax Breaks for Seniors

Dear Ribbit, I read recently that Trump’s Tax Plan may eliminate the ability for seniors to deduct their medical expenses. That would certainly be a horrendous result, as my husband and I depend on that deduction. For future … [Read more...]

Tax Advantages and Overlooked Deductions for Retirees 

Q. April 15 is quickly approaching, and my husband and I are planning on doing our taxes soon. As retirees, I know that there must be some deductions that we may be overlooking. Of course, similar to most seniors on a fixed … [Read more...]

Critter Corner: Do I need to file taxes for a deceased relative?

Dear Commander Bun Bun, My mother passed away in 2014, and I am the executor for her estate. I typically wait until the last minute to file my taxes. Even though she is no longer with us, do I need to file taxes for her, as … [Read more...]

Ask the Expert: Can You Deduct a Toupee from Taxes?

Q. My boyfriend, Richard, became self-conscious about his baldness last year and went out one day and purchased a toupee. We also took in a foster cat, landscaped our property, and installed an in-ground pool to help us stay fit. … [Read more...]

Critter Corner: Can You Claim a Pet as a Dependent?

Dear Baxter, My dog, Rover, is like a child to me.  He is cute, loveable, and playful, and like a human child, relies on me for support. Vet bills, food, cleanup, and repairs caused by damage, have cost a lot of money this past … [Read more...]

Top 14 Articles of 2014

From non-traditional living options to stricter driving laws in Virginia, we covered a lot of ground in 2014. It was a year that included a new act to help special needs families, enhancements to the Medicaid program, and amazing … [Read more...]