I Got The ShotThis year, more than 50% of Social Security beneficiaries paid taxes on their benefits, even though many of them only made twice the federal poverty level in income. Do you believe this is fair, and if not, what should be done about it?.Tax Planning? Medical Expense Deduction Becomes Less Generous in 2019.Claim a health law exemption if under 65 and uninsured. If you did not have health coverage in some or all of 2014, you might qualify for an exemption. As of September 30, 2014, the website lists 22 of them here. These include reasons such as the lowest-priced coverage available would have cost more than 8% of your household income, or your individual plan was cancelled and you believe other Marketplace plans are unaffordable. To claim the exemption you can apply now. Be sure to use the right form, found on. You may also wait to claim the exemptions when you fill out your 2014 tax return, due April 15, 2015. … Continued
State Legislatures Magazine Legislative Leaders In The News August 2020 Magazine2020Support Grows for CPI-E Act.New research links "silent strokes," or small spots of dead brain cells, found in about one out of four older adults, to memory loss in the elderly. The study is published in the January 3, 2012, print issue of Neurology®, the medical journal of the American Academy of Neurology..In years when there has been no, or almost no cost-of-living adjustment, Medicare Part B premiums have spiked significantly. TSCL is highly concerned that another Medicare Part B premium spike could occur again in 202Medicare beneficiaries who are not protected by the special provision of law known as the Social Security "hold harmless" provision could get hit with significantly steeper premium costs in 2021, and it may take several years before the majority of beneficiaries see their net Social Security benefit grow again. … Continued