How Will the New Tax Law Affect You? While most of the new tax law has to do with reducing the corporate tax rate from 35 percent to 21 percent, some provisions relate to individual taxpayers. Before we get into the details, be aware that almost everything listed below sunsets after 2025, with the tax structure reverting to its current form in 2026, unless Congress acts between now and then. The corporate tax rate cut, however, does not sunset. Here are the highlights for our readership: [...]
Spousal Support (Maintenance) in New YorkBy: Sharon L. Dyer, Esq. Spousal Support in New York is called maintenance. Many years ago it was referred to as “alimony”. Today maintenance is generally determined by a formula that compares the income of the spouses, with the higher income spouse paying maintenance to the lower income spouse. There are basically two formulas in New York for maintenance. The lower formula is used when child support is also being paid by the higher income [...]
Medicare Launches Hospice Compare Website Patients looking for hospice care can now get help from Medicare’s website. The agency’s new Hospice Compare site allows patients to evaluate hospice providers according to several criteria. The site is a good start, but there is room for improvement, experts say. Medicare's comprehensive hospice benefit covers any care that is reasonable and necessary for easing the course of a terminal illness. Medicare launched the hospice compare [...]
Medicare's Part B Premium Will Be Unchanged in 2018, But Many Will Pay More The announcement of the 2018 Medicare premium is good news for some beneficiaries and bad news for many others. The good news is that the standard monthly Part B premium, which about 30 percent of Medicare beneficiaries pay, will again be $134 next year, unchanged from 2017. But most Medicare recipients pay a lower premium because they have been protected from any increase in premiums when Social Security benefits [...]
On November 15th Maria Motsavage, our Elder Care Coordinator, was the keynote speaker at the Long Term Care Facilities' Employee Recognition Luncheon!