Nearly 50% of retiree households report a portion of their Social Security benefits are now subject to taxation.
Senior Citizens League warns while the 2017 Tax Cut and Jobs Act is expected to lower taxes for many taxpayers, it fails to address a feature of tax law that takes a cut of Social Security income from senior taxpayers.
The Senior Citizens League claims one of the first tax cuts to expire under recent U.S. tax law likely to affect senior taxpayers and people with highest healthcare costs starting in 2019.
U.S. Tax Cuts and Jobs Act of 2017 may impact charities like Canine Companions for Independence that provide life-changing assistance dogs free of charge.
Indications U.S. Government agencies like the IRS are moving forward with enforcing compliance of existing laws and regulations, including the ACA.
CRA regulations could potentially close the door on the 500,000 eligible Canadians who find the DTC application process so complicated that they are unable to receive it.
Report provides evidence of limitations of the Canada disability tax credit and presents potential reforms which would raise their incomes 27%.
Senior Citizens League survey reveals 70% of seniors feel SSA solvency can be improved by scrapping Social Security taxable wage limit of $118,500.
Federal tax deductions for owning long-term care insurance range from a few hundred to a few thousand dollars, and they are higher than ever in 2016.
Very few of us have a choice about paying Social Security taxes through the Federal Insurance Contribution Act (FICA).
The IRS sometimes uses its power to garnish wages and bank accounts to collect unpaid back taxes from account delinquent taxpayers.
Colorado injured workers who are potentially eligible for both workers compensation and Social Security disability benefits may face tax implications.
Most taxpayers are not aware that there are opportunities in place if negotiated correctly to reduce their tax debt.
Cashing in your pension early may seem like a good idea if you are short on cash but taxes have to be paid sometime.
Freedom Debt Relief analyzed several top choices and prioritized them as they apply to most taxpayers.
Simple steps to relieve the stress related to the unavoidable prospects of death and taxes.
Millions of seniors are in for an unpleasant surprise when they file their tax returns over the next few weeks.
Benefits credits and services to help families reduce the amount they owe at tax time and provide them with convenient online options.
Information for taxpayers with disabilities and taxpayers with children or spouses with disabilities to determine which IRS tax credits and benefits they are eligible for.
People with disabilities often are not aware of tax credits and deductions that could help them save money.
Australian Tax Law Reforms to Help People with Severe Disabilities and Their Families and Carers.
Registered Disability Savings Plan RDSP introduced to help families save for financial security of disabled family member.