These procedures might incur a large amount of money that we don’t have on hand. Luckily, health insurance exists. It’s always a good thing to stay proactive and invest in important things like health insurance. However, health insurance doesn’t cover the entirety of medical costs. In a...
Having a dependent child is a key part of filing as a qualified widow or widower. In fact, it's actually a crucial part of the tax filing status. There is often an addendum to the title that stipulates it, notably a qualified widow(er) with a dependent child.5 The law also dictates ...
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Consumers can also purchase blankethealth insurance—although they might need to customize the policy to meet their unique needs. For example, if someone has an adult parent living at home, the parent may not be considered a dependent under an individual health plan. However, purchasing blanket h...
Answer and Explanation: Welfare payments are considered non-taxable income and if they serve as the only income for an individual or family it is not necessary for a tax...
Regardless of what state you live in, you probably qualify for premium tax credits that lower your monthly premiums for a health insurance plan under Obamacare. And if you’re in a state that hasn’t expanded Medicaid, you’re eligible for premium subsidies with an income as low as 100% ...
The benefits of head-of-household status are clear enough. However, the issue becomes who is eligible to file as one and who is not. Congress recently required tax preparers to get documentation that qualifies someone to be a head of household, because legislators believe many taxpaye...
A member who is less than 50 years of age with 20 years of credited service (excluding Military Service), qualifies for a deferred benefit at age 50. The regular retirement benefit, paid in equal monthly installments, is equal to 5.5% of the member's aggregate salary during his or her ...
Veterans who are not eligible for VA health care should look into other health insurance options, such as an employer-sponsored health care plan, health insurance through a spouse, joining a trade organization that offers health insurance, or purchasing an individual health care plan from the Affor...
qualifies for the disability tax credit and is eligible for a qualified disability trust (QDT) might benefit from creditor protection if their inheritance is held in a testamentary trust (even though the trust could be taxed at the top rate) ...